India posed for pharmaceutical growth...

due to global patents on billions of dollars of drugs set to expire in 2007-08.

Apr 24, 2006

Market will grow 18 percent for the next two years, new study suggests. Low production costs will give India an edge over other countries, particularly China and Israel, in the case of generic drugs. Study says drugs worth $40 billion in the U.S. and $25 billion in Europe will go off patent by 2007-08.

Source: hindu.com

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