India's Biocon Secures Spot in List of Top Global Biotech Majors, an ...

Tag : industrial wire
July 25, 2008 5:00 AM EDT

BANGALORE, INDIA -- (MARKET WIRE) -- 07/25/08 -- Researched byIndustrial Info Resources (Sugar Land, Texas) -- A recent reportreleased by Med Ad News ranked Biocon Limited (Bangalore,Karnataka), India's pioneer in the biotechnology space, among theworld's top 25 biotechnology companies. The report, which listeddrug-based firms by revenue and by income, ranked Biocon at 20.Biocon has the distinction of being the only Asian country to befeatured in the league, which includes 19 U.S. companies and fiveothers from Europe and Australia. Firms from across the world havebegun to take interest in India's biotechnology industry, includingEli Lilly (NYSE: LLY ) and Sigma-Aldrich Corporation (NASDAQ: SIAL ). Johnson & Johnson (NYSE: JNJ ) and Novartis (NYSE: NVS ) are among several major companies that already have a presence inthe country.
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