KATHMANDU: Meera Biotech Pvt Ltd has secured a second round of foreign direct investment (FDI) equity funding from South Korea-based My Bio Co, Ltd.
Private equity investment company, Business Oxygen (BO2) had invested $1 million in Meera Biotech last year to enable scaling up the company's operations. My Bio will be injecting $500,000 in the company to further expand its production, as per a press statement.
Meera Biotech, established in 2014, came into operation in technical collaboration with EuBiologics Co Ltd (EuB) - a bio-pharmaceutical company in South Korea.
Meera has till date acquired market licence of more than 30 products from the Department of Drugs Administration (DDA) and provides medicines in the local market and plans to export its products in the near future.
A version of this article appears in the print on January 19, 2023, of The Himalayan Times.
