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Ranbaxy Buys Biopharma Stake

1:20 PM MDT | October 22, 2007 | Chemical Week Editorial Staff

India’s largest pharmaceutical company Ranbaxy Laboratories (Gurgaon), says it has signed a definitive agreement to increase its stake in Zenotech Laboratories (Hyderabad, India) from 7%, to 45%. Zenotech develops and manufactures generic biopharmaceuticals and is a specialty generics injectable company. It also develops new biological entities in the areas of oncology and neurology. “The increasing importance of biologics in the global pharmaceutical industry and the opening up of generic biologics in the regulated markets makes it opportune for...

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