Celestial Biologicals collaborates with GE

Published: 11 Mar 2009 23:01:05 PST

Celestial Biologicals Ltd (CBL), an associated company of Intas Biopharmaceuticals Ltd, and GE Healthcare, the $ 17 billion healthcare business of General Electric Company, recently announced a collaboration to set up India's first GMP-compliant plasma fractionation facility in Ahmedabad. The collaboration will include appropriate technology, products, processes and project development for establishing the facility.

The model being developed in India is replicable in other developing economies dependent on imported plasma products today. A memorandum of understanding (MoU) was signed between Celestial Biologicals and GE Healthcare at the Vibrant Gujarat Global Investors Summit 2009. The facility will be fully functional by early 2010.