Hyderabad, June 16
Ocimum Biosolutions has set up its German subsidiary in Ebersberg (Germany) with an eye on expanding its presence in Europe. The subsidiary of the Hyderabad-based life science company comes close on the heels of its milestone acquisition of the Microarrays (bio-chips) division of MWG Biotech, Germany. Ocimum Germany GmbH will focus on the huge genomics market in Europe and provide quality R&D enabling solutions to the universities, research institutes, biotech and pharma companies, according to Ms Anuradha Acharya, Chief Executive Officer (CEO) of Ocimum Biosolutions.
Ocimum Biosolutions plans to expand further in the market through acquisitions, she added. The German subsidiary is one more step in Ocimum's overall strategy, said Mr Ludwig Winzer, its Managing Director.