Mumbai, July 19: The Rs 125 crore Indoco Remedies Ltd has launched a portal - GynOnline.com - targeted at medical professionals, specially obstetricians and gynaecologists, in India. Indoco chairman and managing director Suresh Kare told eFE that the company was planning to set up a manufacturing unit in Goa to produce ophthalmic and injectible products. The company will invest about Rs 15 crore that will come from the internal sources. At present, it has facilities in Goa and Mumbai to manufacture prescription products.Last year, Indoco had acquired Warren Pharmaceuticals, a leading opthalmic and dental products company by investing Rs 14.2 crore. According to Kare, the company is open to the acquisition of new brands that fit into the company's existing portfolio. Besides, Indoco is setting up an research and development centre in Mumbai with an investment of Rs 10 crore over the next two years.
The R&D centre will focus on new drug delivery systems and formulations. Kare told reporters on Wednesday that GynOnline offered clinical updates, giving the latest news on clinical studies. Medical professionals will have access to Medline, a medical database to get specific enquiries answered.
The site also helps the doctors streamline their businesses and set up new clinics. The services provided by the portal includes information on statutory requirements, equipment, names of equipment manufacturers, ways of raising bank finances, etc. In the recent survey, ORG ranks Indoco 42nd in the retail audit and 23rd in the prescription audit.
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