Biocon to invest $25 mn on research and development

By IANS

New Delhi : Indian biotechnology firm Biocon Ltd Wednesday said they would spend Rs.1 billion ($25.4 million) in the current fiscal ending March 2008 towards strengthening its research and development.


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“We plan to invest Rs.1 billion and it has already crossed the halfway mark,” Kiran Mazumdar-Shaw, managing director, told reporters here on the sidelines of Fortune Global Forum meet here.

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