$15 Million Agreement Signed to Build Internationally- Accredited Lab in Sri Lanka

Colombo(News 1st); A Memorandum of Understanding was signed today at the Presidential Secretariat between STEMedical of the USA and the Sri Lanka Institute of Biotechnology to establish a laboratory with internationally recognised accreditation. 

The MoU for the $15 million investment project, conducted under the guidance of the National Initiative for Research and Development Commercialisation was signed by Professor Hans Keirstead, founder of the American company STEMedical and on behalf of the Sri Lanka Institute of Biotechnology, by its Chairman, Professor Samitha Hettige and Chief Operating Officer, Amali Ranasinghe.

This laboratory is expected to function as a main lab, working in conjunction with existing laboratories across the island, to ensure the quality of goods and services in various fields.