Sangareddy (Telangana), June 3 -- Telangana IT and Industries Minister Duddilla Sridhar Babu along with Health Minister Damodar Rajanarasimha on Wednesday laid the foundation stone for a state-of-the-art manufacturing facility of Theranym Biologics at Borpatla village in Hatnoora mandal of Sangareddy district.

Hyderabad-based TheraNym Biologics, a subsidiary of Aurobindo PharmaThe facility will be established with an investment of Rs 1,200 crore and is expected to significantly strengthen Telangana's position as a global hub for life sciences and biotechnology, according to officials.

Tthe upcoming plant will manufacture advanced medicines used in the treatment of cancer and other life-threatening diseases.

The products will cater to bot...