Wockhardt breaks ground in MENA region with new Dubai factory
India-based generic drug manufacturer Wockhardt (BSE: 532300) is making its entry into the Middle East and North Africa (MENA) region with a new facility in Dubai.
The Mumbai-headquartered firm, which has manufacturing plants in India, the UK, Ireland, France and the USA, says the $40-million site will be used to make antibiotics for export, primarily to mature markets in Europe and the USA.
The self-contained factory, spread over 10,000 square meters, will focus initially on developing a therapy targeting so-called ‘superbugs’.
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