The Dabur Research Foundation (DRF), part of healthcare and food products major Dabur Group, is keen to set up a drug discovery center in Oman to capitalise on its plans to set// up a marine biotechnology center.
"We are keen to set up a drug discovery center in Oman and using their marine resources for developing nutraceuticals. Given that Oman has already committed to set up a marine biotechnology center we are keen to set up research activities there in an area that holds good potential," Rama Mukherjee, the DRF president for research and development, told IANS.
The company is in the process of formulating a firm proposal for submission to the Oman government for consideration and joining hands.
In over two decades of its operations in India, the DRF has been focusing on a range of diverse areas including ayurveda, testing and developing drugs, researching new cancer remedies and developing healthy and natural foods among others.
Working on developing and improving safety profile of nanoparticle delivery systems for anticancer drugs in India, the DRF is hopeful of being able to commercially market the cancer drug in two years.
Looking at the Middle East to do research and development for commercially viable projects, the DRF sees Oman's plans to develop marine resources as an opportunity to combine forces to tap the potential for developing new products that can be marketed globally.
"From our side we are ready to set up the venture with a likely initial investment of $10 million. But in five to seven years it would take to start getting results, we see the investment rising to over $100 million," said Mukherjee.
She revealed the proposal has already been discussed with Bassam Soussi of College of Agricultural and Marine Sciences in the Sultan Qaboos University of Oman, who is steering the Marine Biotechnology Center project that is expected to benefit the entire Gulf region. Page: 1 2 Related medicine news :1
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