CMC Vellore, Federal Bank sign MOUs for new pharmacy college, treatment for cancer patients
According to a press release, the agreement was exchanged between K.V.S. Manian, Managing Director and CEO, Federal Bank, and Dr. Vikram Mathews, Director, CMC Vellore. 'With these MOUs, we are looking forward to further expanding our reach in education and holistic care for cancer patients,' Mr. Mathews, CMC director, said.
The construction of a new pharmacy college at CMC's Bagayam campus in Vellore is supported by Federal Bank Hormis Memorial Foundation with a grant of ₹13.73 crore. On a 2.5-acre plot, the new college will be a 40,476-square-foot facility.
The pharmacy college will be the first of its kind in Vellore district to train a new generation of pharmacists in the highest standards of pharmacy education. The college will be equipped with laboratories, lecture halls and research facilities, ensuring that the students receive world-class education that will prepare them for the complexities of modern-day pharmacy practice.
With an expected annual intake of 60 undergraduate students, the college is slated to commence admissions for the academic year 2026–27. 'Cancer continues to be one of the most formidable challenges of our time, impacting families not only medically, but also emotionally and financially. We needed partners we could bank on, and CMC Vellore has stood out as a beacon of trust and excellence,' Mr. Manian, bank's MD, said.
Additionally, the partnership for cancer patient support under the Sanjeevani initiative of Federal Bank, which began last year (2024), will continue in 2025 too. A total of 764 cancer patients have received subsidies for cancer treatment at CMC Vellore, for pre-diagnostic tests, treatment like chemotherapy and radiotherapy and for medication under the initiative, the release said.
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