Vanta Bioscience announces foray into clinical research

Hyderabad-based Vanta Bioscience, which is in the business of pre-clinical services, announced its foray into clinical research through a 100 per cent subsidiary. The clinical research business will begin contributing to the topline in the last quarter of the current financial year, it said in a statement. The company is projecting to add revenue of ₹250 crore in the fifth year through clinical research services. Major activities covered under clinical services include bio-equivalence studies in healthy human volunteers, patient volunteers, bioanalytical services and clinical trials from Phase I to Phase IV. Shares of Vanta Bioscience gained 3.77 per cent at ₹84.05.