AstraZenaca, Avestha Gengraine to develop tuberculosis drug
With an aim of discovering a new drug against tuberculosis (TB), the biotech company AstraZenaca has entered in a research based alliance with a bioinformatics company, Avestha Gengraine Technologies.

Aurobindo shareholders okay 125 cr private placement
At an extraordinary general meeting (EGM), Aurobindo Pharma shareholders gave an okay for the company’s proposal for a private placement of Rs 125 crore equity share, according to the company statement.

Morepen Labs Q3 net up by 11.6%
Pharmaceutical major, Morepen Labs has reported a 11.6 per cent rise in its net profit to Rs 24.66 crore for the third quarter ending Dec 31, as against Rs 22.1 crore reported in the corresponding quarter last year.

Caraco’s Dec ’01 sales to cross $1m
Caraco Pharmaceutical Laboratories, a Detroit-based company and an affiliate of Mumbai-based Sun Pharma, expects its Dec ’01 sales to cross $ 1 million mark, according to sources from the company.