Tata Industries picks up stake in Indigene Pharmaceuticals

by Medindia Content Team on  June 30, 2006 at 5:51 PM Drug News
RSS Email Print This Page Comment
Font : A-A+

Tata Industries picks up stake in Indigene Pharmaceuticals
Tata Industries Ltd today said it has acquired a significant stake in Indigene Pharmaceutical, a subsidiary of US-based indigene Pharma Inc , for an undisclosed amount.

Indigene, which is involved in biopharmaceuticals, has been in the business of both prescription and consumer healthcare products.

Commenting on the strategic alliance with Indigene, Tata Group Chairman Ratan Tata said the group has been actively seeking opportunities in knowledge-based industries.

"Our strategic alliance with Tatas enables us to leverage the Group's reputation and vision, nurturing the growth phase of ventures and creating fundamentally strong organisations," Indigene Chairman and CEO M Vaman Rao said in a statement.

Post a Comment

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
Notify me when reply is posted
I agree to the terms and conditions

More News on:

Drug Toxicity 

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Advertisement
Advertisement

Stay Connected

  • Available on the Android Market
  • Available on the App Store

Facebook

News Category

News Archive