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Ranbaxy's star scientist quits
By siliconindia
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Saturday, 24 April 2004, 19:30 IST
NEW DELHI: Pharma major Ranbaxy Laboratories is seeing more churn at the top. In a surprise move, Dr Rashmi Barbhaiya, chief of the R&D department, has quit.
Dr Barbhaiya had been showcased as a prize catch from MNC Bristol-Myers Squibb (BMS) to execute the companys ambition of becoming a research-based MNC.
Another key executive, K Srinivas he was heading Ranbaxys API (active pharma ingredients) business is also believed to have put in his papers. Speculation is rife that a couple of more senior executives are likely to follow suit.
Though confirmation was unavailable, both Dr Barbhaiya and Srinivas are tipped to join one of the Hyderabad-based pharma majors . While Dr Barbhaiya joined Ranbaxy in mid 2002, Srinivas had been with the company for about 15 years.
Both were unavailable for comment, but senior executives confirmed their plans to leave. A Ranbaxy spokesperson said the company has no comment to make.