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Bangalore May 8 The Manipal Education and Medical Group said it has signed a memorandum of understanding (MoU) with Malaysian Biotechnology Corporation for setting up a joint venture subsidiary in Malaysia for advanced stem cell R&D.

The MoU was signed in Boston on the sidelines of the biotechnology show BIO 2007. Dr Ramdas Pai, Chairman, MEMG, and Tan Sri Ahmad Zaharuddin Idrus from Biotech Corp, signed the MoU in the presence of the Malaysian Deputy Prime Minister Mr Datuk Seri Najib Tun Razak, a release said.

MEMG CEO, Dr Ranjan Pai, said, "We believe that joining hands with Malaysian Biotechnology Corporation will allow us to strengthen our presence and expertise in South-East Asia and together we hope to provide cutting edge healthcare solutions to the people in the region."

More Stories on : Bio-tech & Genetics | Research & Development | Education | Karnataka

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