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India’s Biocon Buys 70 Percent Stake In German Drug Firm AxiCorp GmbH

This article was originally published in PharmAsia News

Executive Summary

BANGALORE, India - India's Biocon Ltd. said it paid €30 million ($43.5 million) to buy a 70 percent stake in German drug firm AxiCorp GmbH to expand marketing and distribution of products such as injectable insulin, generics, biosimilars and biologics in Europe

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