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Showing posts with label Drug multinationals. Show all posts
Showing posts with label Drug multinationals. Show all posts

May 22, 2011

Drug MNCs play safe on licensing

Drug multinationals are treading with caution on the molecules to license from Indian companies, meaning Glenmark’s deal with France’s Sanofi may not be a forerunner to a clutch of similar agreements benefiting local firms.

Indian pharmaceutical companies outlicense a drug under development to foreign players with deep pockets as it is an expensive process. The latter undertakes trials to develop the drug.