Cresset, a solutions provider for computational drug discovery and development, is expanding its existing Asia Pacific presence by creating a new headquarters in Bangalore, one of India’s leading centres for biotechnology and pharmaceutical research.
This latest announcement consolidates Cresset’s position as a global player in the drug discovery space, and comes off the back of establishing a new facility in Boston earlier in the year.
From its origins in the UK, Cresset has grown into a drug discovery solutions company with a genuine global reach, with more than 60% of its revenues now coming from outside the UK.
Adapting to growing demands
Cresset’s new India site will support the growing demands of Cresset’s APAC customer base, as well as increasing its reach in a range of markets across the region, including South Korea, Japan, China and Australasia.
Bangalore’s status as one of the top locations in the industry will enable Cresset to tap into the wealth of computational chemistry talent available on its doorstep, whilst also allowing it to be closer to its customer base. The new staff appointments in India will span a range of areas, including sales, support and development.
Cresset’s Chief Scientific Officer and co-Founder Dr Mark Mackey said: “Launching our new site in India marks a major milestone in our international growth and expansion as a company. The talent pool and centers of excellence available in the region will enable us to expand our existing service offering to clients and develop strong relationships through face-to-face contact on the ground. We already have a satellite office space in Bangalore, where a high proportion of our Indian staff are currently based. The new office will allow us to grow our overall business and gain access to grant funding in the Indian market.”
As part of their work in India, Cresset’s Chief Scientific Officer Mark Mackey and Commercial Director David Bardsley will be attending the Indian Conference for Academics in Dehli on Tuesday 14th May 2024. The conference will cover a range of issues in the field of computational chemistry. You can find further details here
