Kendle SEZ
Mohd. Arif Mansuri
Kendle Opens New Operations Center in
Ahmedabad-Gandhinagar Special Economic Zone
Company expands operations to meet customer demand for high-quality, cost-effective services in India
CINCINNATI, June 22 /PRNewswire-FirstCall/ -- Kendle (Nasdaq: KNDL), a leading, global full-service clinical research organization, today announced the Company has opened its new operations center in the Special Economic Zone (SEZ) of the Ahmedabad-Gandhinagar Knowledge Corridor. The new SEZ center represents an important and strategic investment for Kendle and demonstrates the Company's commitment to further invest in Asia/Pacific region to meet customer needs. The center opened Monday, June 21, following a dedication and lamp lighting ceremony presided over by Shri Jay Narayanbhai Vyas, Hon. Minister of Health and Family Welfare, Government of Gujarat, and attended by biopharmaceutical customers and the local business community.
"Growth in India is a key component of our strategy and will be very important to the future of Kendle" said Stephen Cutler, PhD, Senior Vice President and Chief Operating Officer. "Our expanded presence in Asia, and in India in particular, creates efficiencies in the clinical development process for our customers worldwide and positions Kendle as a leading provider of high-quality, innovative and cost-effective clinical development services in this growing market."
The SEZ operations center is a world-class center of excellence focusing on delivery of clinical data management, medical writing, pharmacovigilance/safety, biostatistics/programming and other knowledge processing-related services. These clinical support services are integrated under one roof, providing an efficient operations hub for Kendle in the region.
Kendle's SEZ operations center will initially employ approximately 50 professionals at the site. The unit is expected to scale up to approximately 300 associates in the near term, and is positioned to quickly expand further to meet customer demand. The unique geography of the unit, in close proximity to multiple universities as well as the city of Ahmedabad, provides a vast untapped talent pool ideal for building and expanding a high-tech workforce.
Kendle's expansion in the quickly maturing India market reflects the growing importance of the country to the global clinical research market. With a population of 1.2 billion, a growing and improving research infrastructure, an efficient and evolving regulatory setting, favorable intellectual property laws, a large pool of medical professionals and established research credentials, India is quickly becoming a world power in clinical research. Biopharmaceutical customers worldwide are increasingly demanding expanded service offerings in India to both control costs and meet commercialization goals.
Analysts at IMS health project a compounded annual growth rate of pharmaceutical sales in India of 12-14 percent for 2010 and 13-16 percent in the five years following. This trend is supported by a biotechnology market experiencing an estimated 30 percent annual growth, and the Indian CRO market, which is expected to see growth of 49 percent annually.
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The address for the new office is: | |
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Kendle | |
Office No.102, Building - 1A, | |
K. Raheja's Mindspace IT/ITES SEZ | |
Koba - Village, Gandhinagar - 382 007 | |
Gujarat - India |
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Best Regards
M. Aarif Mansuri
M.Sc. in Clinical Research
Site Identification Executive
Cosmos Clinical Research
+91 99787 70715