Privately held Indian company, Biological E is investing $234 million in their three facilities in the Genome Valley of Hyderabad, India. The new infusion of funds will enhance the production capacity by five billion doses, increasing the cumulative capacity to about 14 billion doses per year. The company claims that...
Perfect Day Acquires India’s Sterling Biotech
Berkeley, California- headquartered food technology startup Perfect Day Inc., acquired Gujarat-based Sterling Biotech through the liquidation process, via an e-auction. Founded in 1985 the Indian company provides active pharmaceutical ingredients. It owns two manufacturing facilities - one in Gujarat and the other in Tamil Nadu. The facilities are outfitted for...
IOL Pharmaceuticals of India To Export Ingredient for Heartburn Drug
Ludhiana, Punjab-based IOL Chemicals & Pharmaceuticals Ltd., (IOL) a pharmaceutical APIs company, announced that it has received the EDQM certification to supply Pantoprazole Sodium Sesquihydrate API across the European market. Pantoprazole Sodium Sesquihydrate is a proton pump inhibitor used to treat certain stomach and esophagus problems (such as acid reflux)....
NJ-Based Amneal Pharma Launches Commercial Operations in India
Amneal Pharmaceuticals, is gearing up for new launches and is on a hiring spree. The company says it is also open for possible acquisitions to boost its India portfolio. The drug maker has plans to bring differentiated products based on novel drug delivery systems, biosimilars and specialty drugs from its...
Companies, Trade Groups Protest Import Tariffs
Manufacturer, distributor, and installer of garage storage and home organization products since 2008, Lake Forest, CA-based SafeRacks' CEO, Matt Davis says, "Tariffs are a sales tax on American consumers. They disrupt supply chains and make it very difficult for small business to compete." Davis, a 10-year career veteran from the...
Investor Outlines Macro Trends in India
Macro thinker and author of the institutional newsletter, Global Macro Investor, Raoul Pal, identifies big trends ahead of time and has 24,000 Twitter followers. He enunciates that the next big macro idea is India. Pal says, "India has built the world’s first national digital infrastructure, leaping at least two generations...