The promoters of Vivimed Labs have embarked on a new venture called Sanvita Biotech with aim to dominate the veterinary vaccines market. The company is setting up the first facility in Sangareddy, a place near Hyderabad. Initially the company will manufacture and market Foot & Mouth Disease (FMD) Vaccine followed by Rabies and other vaccines. Springforth Capital was the exclusive advisor to the company in arranging debt of $9 Mn. The transaction got closed recently with one of the leading nationalised bank. With the achievement of financial closure, the company is looking to commence sale of products in 30 months. Company is backed by strong operational and scientific team. The Chairman, Dr Manohar Rao, founder of Vivimed Labs, is himself a doctorate in the Veterinary Science field.