GVK BIO: Winner of the European Outsourcing Award 09 for Best New Partnership with Wyeth Research

Hyderabad, India (PressExposure) October 16, 2009 -- GVK Biosciences (GVK BIO) along with Wyeth Research won the prestigious European Outsourcing Award 2009 for the Best New Partnership. The award was received by Manni Kantipudi, President, GVK BIO at a ceremony held at the Intercontinental Grand, Madrid, on 14th October. GVK BIO-Wyeth came out as winners amongst several competing entries.

Earlier in the year, GVK BIO had filed its nominations under two categories “Best New Product” and the “Best New Partnership/Acquisition/Merger”. GVK BIO’s entry for the “Best New Product” was its innovative “Clinical Biomarker Database” developed together with a Big Pharma and the US FDA. “GVK BIO – Wyeth: Value co-creators” was GVK BIO’s nomination for the “Best New Partnership”. GVK BIO were declared finalists in both categories.

“We are delighted to have won the Best New Partnership Award along with our partner, Wyeth Research. This award is recognition of the dedication and commitment of our employees in understanding and delivering to our customers’ expectations. We are proud that we have been considered alongside with Wyeth and thank them for their faith and commitment to this collaboration” said Manni Kantipudi, President, GVK Biosciences.

The nomination for the Best New Partnership was put together by GVK BIO and Wyeth. It covered the GVK BIO-Wyeth trendsetting deal of 150 synthetic chemistry deal in 2006, further expansion of the collaboration to chemoinformatics and modeling. In 2008, Wyeth and GVK BIO entered into a collaboration based on a risk sharing model to identify and optimize lead series.

About European Outsourcing Awards Launched in 2005, The European Outsourcing Awards recognize new and significant developments in Contract Services and reward successful companies for their outstanding contributions throughout the year. The Awards recognize excellence in R&D, marketing, business and technology across the pharmaceutical outsourcing, biopharmaceutical and clinical trial industries. The awards function is alongside the annual CPhI/ICSE/PMEC .

For further information, please contact: Sharada Alvakonda Dy. General Manager – Corporate Communications GVK Biosciences Private Limited Hyderabad W http://www.gvkbio.com T 91 40 66929998 E sharada@gvkbio.com

About GVK Biosciences Private Limited

GVK Biosciences (GVK BIO) is Asia's leading research services organization. GVK BIO provides a broad spectrum of services, stand‐alone and integrated, across the R&D value chain. GVK BIO's diverse portfolio of more than 100 customers includes Big Pharma companies, Agri & Life‐sciences companies, leading biotechs and academic institutions. Spread across five locations in India, GVK BIO is headquartered at Hyderabad, India and employs 1500+ people to assist clients accelerate their research and success.

Press Release Source: http://PressExposure.com/PR/GVK_Biosciences_Private_Limited.html

Press Release Submitted On: October 16, 2009 at 4:35 am
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