Micro Labs to set up facility in Bangalore

Bangalore: The Bangalore-based pharma company Micro Labs has joined the Rs 1,000-crore-turnover club, a company release here said. It plans to invest Rs 100 crore in a new facility here and also open a new R&D centre in Mumbai in July with an investment of Rs 60 crore. Exports grew 20 per cent to Rs 325 crore during 2007-08. The company makes cardio-vascular drugs, antibiotics, anti-diabetics, skin and eye-care products, neuro-psychiatry, gastro-intestinals, pain killers through 14 specialty divisions. Of these, Micro Main and Carsyon have crossed the Rs 100-crore mark. According to the latest secondary sales data released by ORG-IMS, Micro Labs has regained its position in the top 20 companies with 25 per cent growth for January and February 2008.