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Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients
Leading Indian Pharma Companies Maintain Strong Growth
12:34 PM MDT | July 26, 2007 | Deepti Ramesh
Several big names in the Indian pharmaceutical industry have reported strong earnings and sales growth in the first quarter. New product launches, better results from international markets, and revenues from acquired companies have boosted growth, companies say. Wockhardt: Sales are up. Ranbaxy Laboratories (Gurgaon), India’s biggest pharma company, posted a 79% increase in net profits, to $29 million, compared with the year-ago period. Sales for the quarter were up 23%, to $355 million. “Robust growth across geographies driven by new product flow in...
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