The Indian healthcare industry is a US$ 35 billion industry and is anticipated to reach US$ 75 billion by 2012. This sector thus provides a lot of potential as Indians are becoming more health conscious and vying for better amenities. To address the increasing demands of this sector, India needs about US$ 50 billion annually.   The healthcare system is practically non-existent in rural India. With a rise in India's economy and rural...
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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