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Pharmaceuticals: Nycomed to Shift European API Production to India
5:23 AM MDT | March 17, 2008 | Ed Berrigan
Pharmaceuticals firm Nycomed (Zurich, Switzerland) says it plans to transfer its current API production from facilities at Linz (Austria) and Singen (Germany) to Zydus Nycomed (Mumbai, India) in the next three-to-four years. Zydus Cadila (Ahmedabad, India) says that Zydus Nycomed its joint venture company with Nycomed will now become an active pharma ingredient (API) manufacturing hub. A letter of agreement has been signed between the two companies to amend their existing joint venture agreement to include the chemical production of APIs and this new development...
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