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New biotechnological park to open in Armenia

New biotechnological park to open in Armenia

PanARMENIAN.Net - FMD KL Europe - the Armenian branch of the FMD K&L international corporation - announced on Friday, September 8 the establishment of a biotechnological park in Armenia, which will create hundreds of new jobs and help develop the sector in the country.

The CEO of the Development Foundation of Armenia Armen Avakian visited the FMD KL Europe where he discussed the development projects with the head of the company Kirit Velani.

FMD K&L provides contractual research services to the world’s leading pharmaceutical and healthcare companies. During about 3 years of its activities, the company has increased the number of employees to 150 and currently has a demand for 20 more specialists with international qualification. The aftercare team of DFA has supported the FMD KL Europe at different stages of the company’s enlargement.

During the meeting, Velani announced the establishment of biotechnological park in Armenia. Currently, the company makes investments in order to equip the organization with devices and equipment meeting international standards. This year alone, investments of $1 million were made in human capital training and upgrade of the technological park.

“We are opening a new biotechnological park in Armenia that will enable the company to increase the number of its employees to 250 and contribute to the development of the sector. Our next step is aimed at establishing the basis of clinical research in Armenia, and we are planning to open our first clinic in 2018 that will be engaged in the research of care products of first necessity, such as shampoos and creams, as well as complex clinical trials. The Development Foundation of Armenia and the government of RA have been very supportive to us since the beginning of our activities”, noted Velani.

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