Innovations in the Biotech and Pharma Industries in India
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The Evolution of the Industry
The history of biotech industry in India dates back to 1896 when the Plague Research Laboratory was established by Dr Waldemar Mordecai Haffkine in Mumbai. In 1925, it was renamed the Haffkine Institute...
Biocon India Ltd.
Shantha Biotechnics (Shantha) was founded by Varaprasad Reddy (Reddy) in 1993. He was the main promoter together with Yusuf bin Alawi Abdullah, the then Foreign Affairs Minister of Sultanate of Oman...
The consumption of biotech products in India was estimated to be $1.5 billion by 2007 and was likely to grow to $4.5 billion by 2010. Industry experts believe that the brain drain in these areas may slow down as India is developing the infrastructure and policies to facilitate the growth of biotechnology...
Exhibit I: Syngene's Capabilities in Molecular Biology and Synthetic Chemistry
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