Avesthagen Limited, India's leading knowledge-based life sciences company, has signed Memorandum of Understating with the Indian Council of Medical Research (ICMR) for formulation, coordination and promotion of biomedical research.

Avesthagen and ICMR will explore possibilities to innovate nutraceutical development from traditional and folk medicine by knowledge sharing. The agreement aims to strengthen research in the area of bionutrition and will open new avenues for research on traditional Indian medicinal plants. This is yet another initiative by Avesthagen to strengthen public-private partnership in the country.

Both the organizations will also undertake research in the area of genetic engineering and engineering metabolic pathways of medicinal plants for increasing concentration of the active ingredients using physiochemical and molecular approaches, develop oilseeds and pulses with improved nutrition effect, tolerance to drought and salinity and improved nutrient utilization efficiency. The bionutra programme at Avesthagen will get an enhanced impetus by associating with a body such as ICMR which is one of the oldest medical research bodies in the world and brings with it enormous experience in almost every aspect of Indian traditional medicine.