India's Largest Database on New Projects
Apollo to invest in StemCyte
24 August 2010: The Apollo Hospitals Educational and Research Foundation (AHERF) has fianlised its stem cell research collaboration with US based StemCyte, investing $15 million (approx Rs 70 crore) in the 50-50 venture.
This is the first of Apollo’s four new research initiatives, and will be carried out by a 12-member team at its Hyderabad facility. The other three areas are developing treatments using traditional systems of medicine like Ayurveda, Unani, Homoeo and Siddha, exploring significance of genetic factors in cardio vascular disease (CVD) and the use of mobile phone and information technologies in healthcare. The research on CVD predisposition among Indians will begin in September 2010 at four of its hospitals including Hyderabad, and will be done in collaboration with two public sector institutes.
Source: Business Standard