FDAnews Drug Daily Bulletin

ORCHID'S NEW FACILITY TO BLOOM WITH 60 MN USD: RAO

Dec. 5, 2005
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The new formulation complex of Orchid Chemicals and Pharmaceuticals Ltd at Irungattukottai in Sriperumbudur, near here, will yield an additional revenue of 60 million USD by 2008, Company Managing Director K Raghavendra Rao has said. Interacting with newspersons at the company's new 25-acre factory yesterday before President A P J Abdul Kalam arrival, Mr Rao said the state-of-the-art vial lyophilization facility for manufacture of Bectalactam antibiotics was expected to generate the extra revenue by 2007-08.

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