Log in
Business

Vietnamese, Indian firms team up to bring stem cell technology to Vietnam

  • H
Aug 02, 2024 / 04:56 PM

Stem cell technology from India will soon be imported into Vietnam.

Hanoi-based Hoang Lam Pharmaceutical and Cosmetic has signed an agreement with Stempeutics Research Private Limited, based in Bangalore, India, to bring stem cell technology to Vietnam.

 The signing of the MoU between Hoang Lam Pharmaceutical and Cosmetic and Stempeutics Research Private Limited. Photo: VNA

Under the agreement signed on July 31 during the Vietnam-India Business Forum in New Delhi, Stempeutics will grant Hoang Lam exclusive distribution rights for stem cell products in Vietnam. The Vietnamese business will be able to use cutting-edge stem cell techniques and advances in Vietnam.

The two companies will also work together to establish a laboratory in Vietnam. Research products will be tested in some selected tertiary hospitals.

Hoang Lam will provide the Indian company with the necessary assistance to obtain regulatory approvals for research and testing of stem cell products in Vietnam.

Stempeutics has the world's first approved stem cell product for the treatment of symptoms associated with diabetes and bone and joint conditions.

Tags
Reactions:
Share:
Trending
Most Viewed
Related news
Foreign inflows into Vietnam stock market hit two-year high

Foreign inflows into Vietnam stock market hit two-year high

Foreign investors bought more than VND4.1 trillion (about US$161 million) worth of stocks on May 13, nearly three times the amount of the previous day.

14 May, 12:04 PM
Vietnam urges US firms to support fair bilateral trade deal

Vietnam urges US firms to support fair bilateral trade deal

Vietnam has addressed concerns of the US government and corporations, strengthened its fight against trade fraud, and promote administrative implemented reforms.

13 May, 07:55 PM
TH Group inaugurates large-scale dairy processing plant in Russia

TH Group inaugurates large-scale dairy processing plant in Russia

Ventures like the TH Group are accelerating the development of the dairy farming in the Kaluga Oblast of Russia.

13 May, 04:26 PM
Vietnamese banks restructure workforce as demand for digital hire grows

Vietnamese banks restructure workforce as demand for digital hire grows

Driven by structural reforms and cost-efficiency goals, Vietnamese banks are streamlining their workforce, a trend expected to last through 2030, according to industry leaders.

13 May, 10:27 AM
Vietnam’s seafood exports to US expected to rise ahead of new tariffs

Vietnam’s seafood exports to US expected to rise ahead of new tariffs

Vietnam’s seafood export growth is showing signs of divergence across products and markets, as the looming US retaliatory tariffs create new challenges for the industry.

12 May, 09:46 PM
Hanoi's push for green agriculture bears fruit

Hanoi's push for green agriculture bears fruit

Thanks to Hanoi’s support, local farmers are gradually changing their production practices, contributing to the development of a more sustainable living environment.

12 May, 05:10 PM
Vietnam acts to boost imports of US farm produce

Vietnam acts to boost imports of US farm produce

Vietnamese businesses are urged to build brands and meet the stricter environmental standards of major markets such as the US, EU, and Japan

10 May, 11:12 PM
Over US$682 billion in credit poured into Vietnam's economy by mid-April

Over US$682 billion in credit poured into Vietnam's economy by mid-April

The government has also instructed banks to facilitate access to credit to promote production and business development.

10 May, 08:09 PM