Pharmanet opens India office in Bangalore
US-based Pharmanet - one of the top 10 global contract research organizations (CRO) - has opened its India office at Bangalore. Pharmanet, according to industry sources, is one of the most aggressive CROs in the US.

Shreya acquires Plethico’s domestic business
Shreya Life Sciences Pvt Ltd, the pharmaceutical arm of USD 400 million Shreya Group, has acquired the domestic ethical marketing division of Plethico Pharmaceuticals Ltd for a consideration of Rs 85 crore. The acquisition would be effective 1st April 2003.

Novartis terminates work on DRL’s diabetes drug
THE pharmaceutical giant, Novartis has decided to discontinue further development of Dr Reddy’s Laboratories’ (DRL) DRF 4158 (LBL-752), the company announced.

AT A GLANCE

Int’l Symposium at Zydus Research Centre opens
THE Ramanbhai Foundation First International Symposium, dedicated to various aspects of drug discovery was recently inaugurated by the chief minister of Gujarat,