KTR meets top officials of world’s largest pharma companies

Hyderabad: Continuing his efforts to get investments into Telangana, Industries Minister KT Rama Rao met senior officials of world’s largest pharma companies, including Pfizer, J&J and GSK in the United States on Friday.

The three companies together represent more than 170 billions US dollars in annual revenue and the combined employee strength of these organizations is 303,000 employees.

The Industries Minister met Dr. Albert Bourla, Chief Executive Officer and Chairman of Pfizer along with the company’s Executive Vice President and Chief Global Supply Officer Mike McDermott, EVP to showcase the vibrant life sciences ecosystem of Telangana and understand Pfizer’s strategy and plans for Healthcare and Pharmaceutical sector in India.

He also met with Dr. Uwe Schoenbeck, SVP and Chief Scientific Officer of Pfizer. The company is world’s top pharmaceutical corporation and a Fortune 500 company with a revenue of 42 billion USD.

Later, the Minister met Dr. Mathai Mammen, Executive Vice President, Pharmaceuticals, R&D of Johnson & Johnson (J&J), one of the largest Life Sciences companies globally with an annual revenue of 82 billion USD, to brief about the R&D ecosystem of Hyderabad. J&J is also a Fortune 500 company and one of the world’s most valuable companies.

Further, the Minister met with Agam Upadhyay, SVP, Chief Technology Officer of GlaxoSmithKline (GSK), another Fortune 500 company, to introduce the technology and digital innovation capabilities of Hyderabad.

The senior officials of these companies appreciated the Minister’s presentation and the efforts of Telangana Government to promote life sciences sector with focus on innovation.

During the meetings, the Minister discussed his vision for life sciences sector and sought their suggestions on possible ways and initiatives that can help promote life sciences innovation in Hyderabad. He also invited them to participate in the 20th BioAsia convention to be held during February 2023 in Hyderabad.

Jayesh Ranjan, Principal Secretary, Industries and Commerce Department and other officials from Government of Telangana also participated in the meetings.

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