Siddhanta Medicity partners with SRAM & MRAM Group, to raise USD 108M

Bhopal-based healthcare institution Siddhanta Medicity looks to raise around USD 108 million (around Rs 826 crore) in partnership with a UK-based firm for advancing clinical research and development in the field of cell therapies, a release said on Saturday. The investment of USD 108 million will play a pivotal role in establishing stem cell research centres, treatment facilities, and advanced laboratories, Dr Subodh Varsheny, the managing director of the Bhopal-based health institution said.

The institution has tied up with UK-based SRAM & MRAM Group to raise funds to advance clinical research and development in the field of NK Cell and Mesenchymal Stem Cell Therapies, the statement said.

The SRAM & MRAM Group has also tied up with biopharmaceutical company Cellaax, which is engaged in the research and development of advanced cellular therapy. PTI