Thermo Fisher Scientific to invest $2 billion to expand US operation
Investment demonstrates confidence in America’s commitment to science and innovation
Investment demonstrates confidence in America’s commitment to science and innovation
The company has received final approval from the Department of Pharmaceuticals, Government of India, for foreign investment under applicable regulations
Strengthening capabilities in Peptide Therapeutics and CDMO services
Raichur site is the group’s largest API facility and part of a wider network of seven sites
The company offers customized formulations tailored to align with each brand’s identity and consumer needs
TB treatment coverage in India increased by 32% in the last eight years from 53% in 2015 to 85% in 2023
Overall investment in the US facility is estimated around US$50 million
The acquisition aligns with Granules' vision to enter the rapidly expanding peptide-based anti-diabetic and anti-obesity market
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