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      Two new Indo-British Initiatives in Pharmaceuticals

      Posted AtWeb India

      A $30 million oncology project of Dabur and a $10 million initiative from Nestor Pharma are among two initiatives in the pharmaceuticals sector announced during British Prime Minister Tony Blair's three-day visit here since Tuesday.

      According to officials at UK Trade and Investment, Dabur Oncology will invest $30 billion at their global oncology facility in Britain.

      This initiative is seen as complementing the British government's own efforts in cancer care and research through the British National Health Services, the officials added.

      Nestor Pharma, which makes medicine formulations, will be upgrading its facility in Suffolk at an investment of $10 million. The upgraded facility will provide jobs to around 80 skilled staff in Britain, officials added.

      The seven-acre facility at Mildenhall in Suffolk belonged to British pharma giant Schering Plough and the facility hopes to start producing medicines from January next year after the upgrade.

      September 07, 2005


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