Novelix Pharmaceuticals Ltd — Important, 21-12-2025: Company Update

Novelix Pharmaceuticals has leased 3890 sq. feet of laboratory space at Genome Valley, Hyderabad from Neovantage Innovation Park Private Limited. This 5-year lease, starting January 1, 2026, aims to establish a Research and Development facility for pharmaceutical, biotech R&D, and formulations. The company will pay a monthly rent of Rs. 272,300 plus taxes, which will increase by 5% annually. This move is key for expanding Novelix's R&D capabilities and future product development, directly impacting its growth prospects.