Chava is making bigger and bolder bets. In the last three years, he has invested more than Rs 2,000 crore, in what qualifies as the biggest investment in the sector, to build facilities for contract research and manufacturing services as well as put up fermentation plants for biotechnology intermediates. The only other pharma player to come close is cross-town rival Aurobido Pharma.
This bet is significant as, traditionally, large domestic pharma companies have shied away from investing in contract research and manufacturing services:
First, because the business entails large upfront investments to demonstrate capability, and
second, multinational companies have never quite trusted large Indian companies that copied and sold many of their patented drugs in the domestic.
| Subscribe To Our Free Newsletter |
