Global Generic Drug Companies Descend on India

Global generic drug giants such as Teva, Abrika, Watson, Ivax, Hospira and Pliva are likely to rewrite the Indian generic drug story. The representatives of around 25 global generic pharmaceutical companies were in India last week scouting for various alliances, potential mergers and acquisitions (M&A) in the Indian drug market. Officials close to the developments said that over 400 meetings were held between the representatives of MNCs and Indian companies and around 30 deals are believed to have been clinched already.

The Financial Express (http://www.financialexpress.com/fe_full_story.php?content_id=85194)