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Alexandria to invest in Genome Valley
Our Bureau
Hyderabad, May 21
Alexandria, the world’s largest lab space provider, will invest around $200 million in Genome Valley, Hyderabad in a phased manner. This US-based life science infrastructure company will create a ‘plug and play’ lab space to cater to the needs of global, as well as local, biotech and pharmaceutical companies.
This was announced at the ‘India Evening’ programme held in Atlanta during the BIO International Conference by Mr B.P. Acharya, Chairman & Managing Director, Andhra Pradesh Industrial Infrastructure Corporation (APIIC) on May 19.
Mr Acharya presented the allotment letter for 30 acres of land in the APIIC SEZ Genome Valley to Mr Jeffrey Newton, Vice-President, Alexandria, according to a release from the APIIC.
Plans discussed
Earlier, he met Mr Joel Marcus, Chairman and Chief Executive Officer of Alexandria and discussed the company’s plans for Genome Valley and other locations in the State.
Dr M.S. Reddy, Chairman of IMAC, also announced his plans for a $100 million investment in a Livestock Biotech Park and SEZ, Pulivendula focusing on diseases such as H1N1(swine) flu and other life stock areas.
Meanwhile, Biotech Industry Organization (BIO) US also announced their plans to hold an annual BIO Partnering event — BIO India in Hyderabad on September 21 and 22.
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