Financial Daily from THE HINDU group of publications
Wednesday, Jul 07, 2004
Financial Daily from THE HINDU group of publications Wednesday, Jul 07, 2004 |
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Corporate
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Research & Development Pearl Organics to set up R&D centre at Navi Mumbai Our Bureau
Mumbai , July 6 BULK drug company Pearl Organics Ltd plans to set up a research and development centre (R&D) at Navi Mumbai at an estimated project cost of Rs five crore. The first phase of the plant is expected to become operational by October this year, company officials told Business Line. The R&D centre will support the company's regulatory filings and the preparation of drug master files (DMF). The company plans to file four DMFs in the current financial year, followed by five more each year for 2005-06 and 2006-07. Pearl Organics expects to end March 2005 with sales revenue of Rs 44 crore.
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