Covenant, VSR International, N-Biotek to explore Collaboration on Stem Cell Research

Covenant, VSR International, N-Biotek to explore Collaboration on Stem Cell Research

Covenant, VSR International, N-Biotek to explore Collaboration on Stem Cell Research

L-R; CEO/President of N-Biotek, Mr Daeyong Kim, Vice-Chancellor, Covenant University, Professor AAA. Atayero and CEO of VSR, Dr Prince Vincent, displaying the signed Memorandum of Understanding of intention

Covenant University, VSR International Limited and N-BIOTEK have agreed in principle to partner on stem cell research.

This resolution was reached on Tuesday, January 30, 2018, when a team made up of representatives of VSR International Limited and N-BIOTEK, a South Korean-based company, paid a courtesy visit to the Management of Covenant University.

Shedding light on the operations of the two companies, leader of the team, Mr. Prince Vincent Dike, said VSR International supplies, install and maintain a wide range of medical devices, scientific and laboratory equipment, covering different brands, to primary and tertiary health centers, teaching hospitals, University laboratories, among others.

He said VSR’s vision of giving clients an advanced broad-based scientific medical innovation and biotechnological transfer services via proven modern international research and standards informed its venture into Covenant University. He said N-BIOTEK is a company based in South Korea, and partners with VSR in the area of stem cell research and health products.

Mr. Dike expressed hope of the two companies establishing a veritable partnership with Covenant University and thus becoming viable contributors to the fulfillment of her world-class vision. He added that the partnership, which would be between the three organisations, would distinguish Covenant as the only institution in Nigeria to go into full-scale stem cell research endeavours.

The Vice-Chancellor, Professor AAA. Atayero, in his remarks, appreciated the team for reaching out to the University for partnership and said the University was interested in partnering with them. He added that the Management team of the University would meet with them to straighten out gray areas, with a view to coming out with a submission for consideration.

Earlier, in his opening remarks, the Registrar, Dr. Olumuyiwa Oludayo, expressed excitement at the prospects of what research collaboration in stem cell would yield the two parties. Covenant University, he said, is keen on applying herself to unique areas, and her quest is to ensure that her investment in human capacity and training is not in vain.

Further to the meeting between the University’s representatives and the VSR/N-BIOTEK team, a Memorandum of Understanding (MoU) was signed by the two parties on Friday, January 31st, 2018, to establish a relationship, pending further discussions on modalities for full partnership.

Also at the meeting were the Deputy Vice-Chancellor, Professor Shalom Chinedu; Director, Financial Services, Pastor Sunday Abayomi; and Director, Covenant University Centre for Research, Innovation and Discovery (CUCRID), Professor Olawole Obembe.

Others were Head, Department of Biological Sciences, Dr. Grace Olasehinde; Head, Department of Biochemistry, Dr. Solomon Rotimi; Professor Louis Egwari; Professor Obinna Nwinyi; Professor Conrad Omonhinmi; and representative of the Legal Unit, Mrs. Justina Odaro-Osayande.