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Nov17
Merck drugs to be developed by Tata
US-based drug giant Merck and Co. has entered into collaboration with Tata Group pharmaceutical firm Advinus. In first of its research based outsourcing collaboration Merck will pump in approximately $150 million to India. Advinus, the Tata Group initiative which was born only recently has till now invested $130 million in two of its research & development center in Bangalore and Pune respectively.  It will work with Merck on R&D of drugs for diabetes, hypertension and obesity. It seems like a good deal for the Indian company as under the mutual contract between both the companies Advinus will be eligible for royalties on sales of the devised medicines. 

Via [kiplingerforecasts]

 

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« Why more chipmakers outsource manufacturing | Main | Language no barrier for intl business in China »

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