Tuesday, July 10, 2012

Three more Pharma MNCs to setup projects in Gujarat

Israeli Pharma Giant

Israeli pharma giant Teva Pharmaceutical Industries has plans to set up a greenfield project in Gujarat. For the same a delegation from Israel is expected to visit to discuss the procedures with Gujarat Food and Drugs Control Authority (FDCA) and other state government agencies.

Teva is likely to sign an agreement with the state government during Vibrant Gujarat investors' summit in Jan 2013. The company has manufacturing plants in the US and Europe and  is working on a $50 million project in Russia from where it plans to produce 1 billion tablets a year.

Bio Devise Manufacturer
Gujarat is a favourite destination for the pharma companies. The state  holds 40% share of India's total pharma production. This will further increase as  and many new facilities are coming up. The list of companies eyeing Gujarat includes Amneal Pharmaceuticals and Apicore from US and Biosensors International from Singapore.

Amneal Pharmaceuticals has already set up a formulations unit and research and development centre at Changodar near Ahmedabad and plans to start operations out of its facility. New Jersey based Apicore LLC is a  manufacturer of specialty Active Pharmaceutical Ingredients (APIs). 

Biosensors is a medical device company manufactures medical devices used in interventional cardiology, namely drug-eluting stents (DES), used to treat blocked arteries, and critical care procedures. It has business plans to take major share in Chinese and Indian markets.

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1 comment:

christine said...

The addition of this company to the Asian regions will help bring the medical devices to the people in this region. Now you do not have to let them ship your devices because you can have them readily.