Pharmaceutical

Amongst all the countries that fall under the category of developing countries, the Indian pharmaceutical industry is one of the biggest and the most advanced. This industry has been a boon to the Indian economy. It provides employment to a huge number of people and ensures that vital drugs are made available to the huge population of India at affordable rates.   The drugs and pharmaceutical industry plays a pivotal role in the economic...
Cipla announced an investment of $65 million, about Rs 300 crore, for the acquisition of stakes in 2 (Indian and Chinese) Biotechnology companies on Tuesday. With the investment in the two biotech companies, Cipla joins the rank of Indian rivals such as Wockhardt and Biocon in a bid to gain from the $90 billion global biogenerics market. The company will buy a 40% stake in MabPharm, an Indian biotech company for an estimated investment sum...
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