Navigation Links
Dutch Pharma Firm to Invest $500 mn in India

DSM Anti-Infectives, a $20 billion pharma firm based in the Netherlands, Wednesday said it would invest $500 million in India and hoped to capture a 10 percent share of the// country's antibiotics market.

"We are continuously exploring opportunities to invest in India. Currently, our sales in India is $100 million per annum," said company president Gerard Reuver, launching a new penicillin-based antibiotic, Purimox, in the country.

"We plan to invest half a billion dollars in various other innovations," he said here at the opening of a new manufacturing plant to produce Purimox that is used to manufacture a variety of drugs.

The facility was inaugurated by the Netherlands Ambassador to India Eric F. CH. Niehe and Punjab's Minister for Technical Education R.C. Dogra.

N.V. Ramanna, vice president of the Dutch company, said the present size of the plant was 2,000 tonnes and would be expanded soon by another 3,000 tonnes. "We plan to achieve a market share of 10 percent in the antibiotic market this fiscal."

A company official said Purimox produces amoxicillin using an enzymatic route and does not use solvents, which leads to a product of higher purity.

(Source: IANS)

Page: 1

Related medicine news :

1. Dutch chemical group Akzo Nobel Develops A New Bird Flu Vaccine
2. Dutch farm in the blues after an attack by the Bluetongue virus
3. Should the UK Adopt Dutch Rules on Euthanasia in Newborn Babies?
4. Pharmaceutical giant offers AIDS related antifungal drug free to 50 countries
5. Pharmaceutical giant offers AIDS related antifungal drug free to 50 countries
6. Pharma cos must forge Strategic alliances
7. Medicis Pharmaceutical company enters pediatric market
8. Pharma majors gear to supply anti-anthrax drug
9. Pharmacies in for a dose of bitter medicine
10. Andhra Pradesh to set up Pharma City
11. Sun Pharma to launch chiral version of omeprazole soon
Post Your Comments:

(Date:6/26/2016)... ... June 26, 2016 , ... Pixel Film Studios Released ProSlice ... "Film editors can give their videos a whole new perspective by using the ... of Pixel Film Studios. , ProSlice Levels contains over 30 Different presets to ...
(Date:6/25/2016)... ... 2016 , ... Austin residents seeking Mohs surgery services, can now turn to ... Dr. Russell Peckham for medical and surgical dermatology. , Dr. Dorsey brings specialization to ... fellowship in Mohs Micrographic Surgery completed by Dr. Dorsey was under the direction of ...
(Date:6/25/2016)... Oklahoma (PRWEB) , ... June 25, 2016 , ... ... both athletes and non-athletes recover from injury. Recently, he has implemented orthobiologic procedures ... Oklahoma City area —Johnson is one of the first doctors to perform the ...
(Date:6/24/2016)... ... ... June 19, 2016 is World Sickle Cell Observance Day. In an effort to ... treatments, Serenity Recovery Center of Marne, Michigan, has issued a pain management ... (SCD) is a disorder of the red blood cells, which can cause episodes of ...
(Date:6/24/2016)... ... June 24, 2016 , ... Comfort Keepers® of San Diego, CA is excited ... To Recovery® program to drive cancer patients to and from their cancer treatments. ... highest quality of life and ongoing independence. Getting to and from medical treatments ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... , June 24, 2016  Consumers have ... and regulators/payers have placed more emphasis on patient ... patient support programs in the pharmaceutical industry have ... medications. Consequently, pharmaceutical companies are focusing on becoming ... are providing products and services that improve health. ...
(Date:6/24/2016)... CAMBRIDGE, Mass. , June 24, 2016 /PRNewswire/ ... the Spaulding Rehabilitation Network,s Dean Center for ... of Physical Medicine and Rehabilitation, MIT Hacking Medicine, ... Center for Innovation, today announced the five finalists ... Hackathon for Lyme disease.  More than 100 scientists, ...
(Date:6/24/2016)... , June 24, 2016 The Academy of ... recommendations that would allow biopharmaceutical companies to ... entities that make formulary and coverage decisions, a move ... of new medicines. The recommendations address restrictions ... appear on the drug label, a prohibition that hinders ...
Breaking Medicine Technology: