Laurus Labs Ltd. (Laurus BSE: 540222, NSE: LAURUSLABS, ISIN: INE947Q01028), a leading research and development driven pharmaceutical and biotech company in India is pleased to announce the inauguration of its state of the art new R&D center at IKP Knowledge Park, Plot No DS15, Kolthur Shamirpet Medchal Telangana. The facility was inaugurated by Honourable Shri Duddilla Sridhar Babu Garu, Minister of Information Technology, Electronics & Communications, Industries & Commerce and Legislative Affairs - Government of Telangana along with Dr.Satyanarayana Chava, Founder & CEO Laurus Labs along with other senior management team. The cutting edge facility is designed to foster innovation & advance the company's mission developing 'Chemistry for Better Living'.
On the occasion of the inauguration Dr.Satyanarayana Chava, Founder & CEO Laurus Labs, said "This will be our 5th R&D center and the new R&D center will be a testimonial to our commitment to innovation and excellence. We believe that this facility will enable us to develop ground breaking solutions that will address unmet medical needs".
Key highlights
- Total investment incurred for setting up the new R&D Rs 250 Cr
- 2,00,000 Square foot facility equipped with modern laboratories and infrastructure
- R&D Center to support the CDMO business of Laurus Labs
- Will provide job opportunities to over 800 people
Shares of Laurus Labs Limited was last trading in BSE at Rs. 505.70 as compared to the previous close of Rs. 506.95. The total number of shares traded during the day was 48404 in over 1393 trades.
The stock hit an intraday high of Rs. 511.40 and intraday low of 503.00. The net turnover during the day was Rs. 24585089.00. |
