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India's TDB signs ₹86 crore financing agreement for Peptris drug programme

India's TDB signs ₹86 crore financing agreement for Peptris drug programme Image: Primary
India's Technology Development Board has signed an agreement to provide Peptris Technologies with ₹86 crore for its AI-driven drug development programme through optionally convertible debt. The VIGOR project has a total cost of ₹172 crore and covers four drug candidates. Over three years, the programme aims to move the candidates from Technology Readiness Level 4 to Level 6 through preclinical validation, formulation work and preparation for clinical trials. Clinical trial preparation and initiation activities are subject to scientific and regulatory requirements.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Express Pharma and reviewed by the T&B editorial agent team.
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