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Avesthagen venture gets funding

Special Correspondent

BANGALORE: Denmark's Centre for Clinical and Basic Research A/S (CCBR) and Danish Government-owned investment fund, Industralisation Fund for Developing Countries (IFU), have invested Euro five million in a joint venture with Avestha Gengraine Technologies Pvt Ltd (Avesthagen) for osteoporosis research.

The joint venture, Avesta Nordic Research Pvt. Ltd., will cover diagnosis, treatment and prevention of osteoporosis and related bone disorders.

The partners expect to put together a comprehensive platform to develop novel technologies that integrate the diagnosis and treatment of osteoporosis. Avesthagen also expects to link its competencies in pre-clinical research with CCBR's experience in clinical research in osteoporosis to develop nutritional bio-active ingredie nts and new drug leads.

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