IT and Industries Minister, Duddilla Sridhar Babu inaugurated the Theranym Biologics manufacturing facility on Wednesday.
The facility has been established with a massive investment of Rs.1,200 crore at Borpatla village in Hathnoora mandal, Sangareddy district.
The event was also attended by Health Minister Damodar Rajanarasimha and other dignitaries. This state-of-the-art facility will manufacture medicines used in
the treatment of cancer and other life-threatening diseases, and the products will be exported to several international markets, including the United States.
The new facility is expected to create employment opportunities for more than 1,500 local youth. With the arrival of Theranym Biologics, the global reputation and value of the ?Made in Telangana? brand in the life sciences sector are expected to become even stronger.