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India Pharma Looks To Research, Drug Discovery To Make Rosy 2008 (India)

This article was originally published in PharmAsia News

Executive Summary

Many of India's drug makers see 2008 as a promising year for them and their decision to focus on discovering new drugs and doing research for multinationals. The chairman of Nicholas Piramal India says foreign pharmas finally have realized Indian companies have those capabilities. The realization came near the end of 2007, however, so the Indian industry depended on mergers and acquisitions strategies that largely failed to be fruitful. Indian pharmaceuticals did benefit in 2007 from increased sales in the domestic market. (Click here for more



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