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Examples
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It already has an investment in biotech firm Avesthagen, which is planning to go for a Rs 700 crore IPO later this year.
VCCircle News Madhav Chanchani 2010
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Avesthagen has established a subsidiary called Avesthagen Latam at the Venture Lab of the Business School at the Universidad Adolfo Ibanez in Penanlolen in Chile's capital, Santiago.
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"The aim is to try and determine whether there is predisposition, then that can be used as a diagnostic," said Dr Sami Guzder, of Avesthagen, a Bangalore-based biotechnology company carrying out the sequencing with the UK's Genome Analysis Centre.
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Avesthagen began its foray into retail in 2005 through an acquisition.
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Bangalore: Avesthagen is working up its $145 million public offer plan for the second half of this year but still needs to raise around 22 million euro in the interim, according to its Founder, Chairman and Managing Director, Dr. Villoo Morawala Patell, reports Business Line.
SiliconIndia.com 2010
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Avesthagen granted Patent Registration for its Trapezoidal design under sub-category 09 -03
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"Last year, we needed around 40 million euro till the IPO and some of it we have collected as debt and equity," Patell said at a news conference called to announce a Nestle executive and two others joining the Avesthagen board.
SiliconIndia.com 2010
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Representing the other significant industry in Bangalore, Manan Bhatt, senior vice-president, Avesthagen, said, the lifesciences industry is still in its nascent stage in India and that the "it is too young a creature to be understood by everyone".
VCCircle News Sarimul I Choudhury 2010
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I congratulate the design team at the Agency Contract and Trapeze who worked with Avesthagen to achieve the design.
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Bangalore-based R&D driven biotechnology company, Avesthagen has restructured its operations into four independent profit and loss (P&L) entities as it wants these units to take care of their own financial requirement.
VCCircle News 2009
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