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Issue dated - 29th Jan. 2004

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Biocon’s Clinigene opens phase I clinical trial facility at Sagar Apollo
To keep in pace with the emerging opportunities in India in clinical research, Clinigene International Pvt Ltd, a leading Clinical Research Organisation in Bangalore and a subsidiary of Biocon Ltd, India’s premiere biotechnology company has opened a state of the art Human Pharmacology Unit (HPU) at city’s Sagar Apollo Hospital.

Ranbaxy to further grow overseas through acquisitions
After France and Spain the next destinations in Europe could be Greece & Switzerland for the New Delhi based drug major Ranbaxy Laboratories.

Sterling takes over Rallis’ gelatin business for Rs 47 crore
Sterling Biotech Limited, a leading manufacturer and exporter of pharma grade gelatin concluded an all cash deal with Rallis India Limited of Rs 47 crore for the latters gelatin business.

Ranbaxy launches New Age Herbals
RANBAXY Laboratories Limited announced the launch of three new herbal brands under the umbrella of ‘New Age Herbals’

S L NASA gets IPA fellowship
S L Nasa, Hony. General Secretary, Indian Hospital Pharmacist Association, and Executive Secretary, All India Small Scale Pharmaceutical Manufac-turers Association, has been conferred with IPA Fellowship Award

At A Glance
* DRL appoints Dr Dennis Langer as president, North America Operations
* Granules India’s Gagillapur facility goes through GHA audit

Financial Results
* Zydus Cadila 3Q sales up 14 per cent, net profit up 106 per cent
* Strides Arcolab posts consolidated net profit of Rs 6.22 crore

  
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