Global life sciences company Chemveda chooses Dundee for first European base
- Andrew Batchelor
- 2 hours ago
- 2 min read
An international life sciences research company has chosen Dundee as the location for its first European base, marking a major boost for the city’s growing reputation in the sector.
Chemveda Life Sciences, a contract research organisation headquartered in Hyderabad, India, will establish its European operations at the University of Dundee’s Life Sciences Innovation Hub.
The company plans to move into the hub’s laboratories in early April, bringing its expertise in chemistry services for the pharmaceutical and biotechnology industries.
The move is expected to create up to 50 high-value jobs in Dundee as the company grows its presence in Europe. Chemveda currently employs around 600 people across its global sites, including offices in San Diego and Boston in the United States.
Support from Scottish Enterprise helped secure the investment, with the agency approving a £270,000 grant to support Chemveda’s expansion into Scotland.
The decision follows collaboration between the University of Dundee, Scottish Enterprise, Scottish Development International and Dundee City Council to attract the company to the city.
Once established, Chemveda will operate a discovery platform designed to support pharmaceutical and biotechnology innovation.
The facility will focus on areas such as small molecules, peptides and other advanced research methods aimed at helping develop new treatments and scientific breakthroughs.
Chemveda founder and chief executive Dr Bheema Rao Paraselli said Dundee’s strong research environment and skilled workforce made it an ideal location for the company’s next stage of global growth.
He said the new base will allow Chemveda to work more closely with European partners while continuing to support its international clients.
The announcement is also significant for the Life Sciences Innovation Hub itself, which opened last year to attract companies and support new spin-outs emerging from research in Dundee.
Chambers becomes the first foreign direct investment success for the hub, highlighting the city’s role as a major centre for life sciences innovation.
