Mr Buranin said Innobic plans to launch two new products in the fields of medical nutrition and food supplements to serve the ageing market.
Innobic (Asia), the life science arm of national oil and gas conglomerate PTT Plc, plans to spend 1 billion baht in capital expenditure this year to support cancer medicine and plant-based protein factory development projects.
The budget allocation was announced by Buranin Rattanasombat, PTT’s senior executive vice-president and chairman of Innobic (Asia).
The company is cooperating with the Government Pharmaceutical Organization to develop a cancer drug manufacturing facility named GPO Oncology with an investment of 2.5 billion billion baht.
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