Biocon incorporates Malaysian subsidiary
Bioconreported that it has incorporated a wholly-owned subsidiary ‘Biocon Healthcare SDN.BHD’ in Malaysia, which is registered with Registrar of Companies, Malaysia on Thursday.
Biocon Healthcare SDN.BHD is incorporated as a wholly-owned subsidiary of the company for the business purpose.Read more
Aurobindo Pharma to increase stakes in Tergene Biotech
Aurobindo Pharma plans to increase its stake in Tergene Biotech. Tergene Biotech is a 60:40 joint venture between the company and the promoters of Tergene.
As agreed among the JV partners, the company will increase its stake in Tergene Biotech Private Ltd from 60% to 80% by subscribing to additional 56,50,000 equity shares of Rs 10 each at par aggregating to Rs 5.65 crore.Read More
Govt forms panel to make drugs cheaper
In a bid to make drugs cheaper in the country, the government has formed a committee, informed Minister of State for Chemicals and Fertilisers, Mansukh L Mandaviya.
"Government has constituted a committee of joint secretaries for ensuring enhanced affordability, availability and accessibility of drugs for the citizens,” he said in a written reply to Lok Sabha.Read More
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