Wockhardt sets up subsidiary in Brazil, forms JVs in Mexico, South Africa for biopharmaceuticals
The pharmaceutical major, Wockhardt Limited has set up a 100 per cent subsidiary in Brazil - Wockhardt Farmaceutica do Brasil Ltda. This subsidiary would market Wockhardt’s pharmaceutical and biopharmaceutical products in the $5-billion Brazilian market.

Matrix Labs in tie-up with MCHEM
Joining the bandwagon along with other pharma companies like Dr Reddy’s, Aurobindo Pharma, etc., Matrix Laboratories has joined hands with MCHEM Pharma (Group) Ltd of China to gain access to the comparative advantage that China provides in the sourcing of pharmaceutical companies and intermediates.

IDMA urges for uniform implementation of VAT by all states
The Indian Drug Manufacturers’ Association (IDMA) has urged all state governments to ensure the implementation of value added tax (VAT) in a uniform manner at the same time.