Biocon signs pact with Mylan

Monday, 29 June 2009, 08:43 Hrs
Printer Print Email Email
Bangalore: Indian biotechnology major Biocon Monday said it had signed an agreement with Mylan. to develop, manufacture and supply generic biologic drugs globally.

Mylan is a leading diversified generics and specialty pharmaceutical company.

"Through this partnership we hope to deliver high quality, affordable bio-generic antibodies and biologics, thereby addressing a critical need to lower spiralling healthcare costs in both the developed and emerging economies," said Kiran Mazumdar Shaw, chairperson and managing director, Biocon.

As part of this agreement, both the companies will share development, capital and certain other costs to bring the products to the market.
Source: IANS
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..