PANEXCELL CLINICAL LAB PRIVATE LIMITED

Panexcell Clinical Lab, based in Navi Mumbai, witnessed a decline of 10 per cent in its business during the FY19-20 with a revenue generation of Rs 26 crore, as compared to Rs 29 crore generated previously. An organization that has drug development and clinical research at the crux of its operations, its expertise lies in facilitating the development of new chemical entities, evolving comprehensive and unique therapies and supporting research via medical research papers. Formerly known as Drug Monitoring Research Institute Private Limited, it started off in Sion, Mumbai with a small facility. Banking on their continued success, Panexcell shifted to a bigger facility in Rabale, Navi Mumbai.