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Ocimum, Bio Enterprise to set up R&D facility

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CIOL Bureau
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HYDERABAD: City-based bioinformatics company Ocimum Biosolutions and Singapore-based biotech firm Bio Enterprise Asia have signed an MoU to form a Joint Venture company called Ocimum BioEnterprise Labs. The joint venture will be known as Ocimum BioEnterprise Labs and will set up R&D facility at the ICICI knowledge park within a period of one month. "The collaborative R&D project is being established on a 50:50 model to enable both Ocimum BioSolutions and AP BioEnterprise Asia to benefit maximally from the strengths and capabilities of both the parties" said Anuradha Acharya, CEO, Ocimum Biosolutions.



The broad areas of research activities that will be carried out at the ICICI Knowledge park will focus on key aspects of drug discovery and development including bioassays, drug screening and necessary pre-clinical studies leading to IND application. Some additional areas of activity are Oncogenicity Acute, subchronic and chronic toxicology Developmental and reproductive toxicology Inhalation toxicology Safety Pharmacology Efficacy Studies Dermal toxicology Pharmacokinetics and toxicokinetics Analgesic testing in rodents Animal metabolism.



"The lab expects to conduct studies using biochemical and pharmacological research methodologies and will test drug candidates using both in vitro and in vivo studies. Areas of interest also will include technology and product development in relation to drugs and genome based diagnostics" she added.



BioEnterprise Asia Group is a consortium of life science enterprises dedicated to identifying, nurturing and managing the development of innovative new technologies and high growth enterprises in healthcare, the life sciences and related technology areas. The BEA Group understands healthcare, biotechnology and the life sciences and take a proactive market-oriented stance in identifying and exploiting innovative technologies and high growth technology business opportunities in Asia.



Ocimum Biosolutions is a life sciences research and development company with focus on bioinformatics and contract research services with operations both in USA and India. Ocimum Biosolutions has its US Headquarters in Indianapolis, Indiana and a branch office at Newport Beach, California. The Indian arm of Ocimum Biosolutions is located in Hyderabad. The company's primary focus is to be a one-stop destination for Bioinformatics consulting needs and also on development of key ready-to-use Bioinformatics software modules, contract research and training.

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