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

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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.

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