Pharmaceutical | Invest in India

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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