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Friday, October 23, 2009

Indian drug companies tapped by Pfizer for alliances

U.S. drug firm Pfizer has approached several Indian drugmakers for possible alliances to bolster its revenues, the Economic Times reported on Friday.

Pfizer has tapped Cadila Healthcare, Emcure, Intas Pharma and Mankind Pharma, but the Indian companies have not responded favourably to the offers, the report said citing an unidentified senior industry executive with direct knowledge of the matter.

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