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September 08, 2003

India's first biotech fund makes its maiden investments

The bio-technology focussed APIDC-VCL, a Rs 150-crore joint venture fund between the Andhra Pradesh Industrial Development Corporation (APIDC) and Dynam Ventureast, has made its first investments: in three Indo-US companies, reports BusinessWorld. The companies include Bioserve Biotechnologies, Genomik Design Pharmaceuticals, and Silico Insights.

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