Tuesday, March 13, 2012

Pfizer scraps insulin deal with India's Biocon

Pfizer scraps insulin deal with India's Biocon

People walk past the Pfizer World headquaters in New YorkMUMBAI (Reuters) - Pfizer Inc, the world's largest drugmaker, has scrapped a deal to sell insulin products made by Biocon Ltd, leaving India's biggest biotech company without a partner to sell the drugs in key global markets such as the United States. The companies cited "individual priorities" as the reason for the split, which immediately ends a relationship that stood to earn Biocon hundreds of millions of dollars in royalties. ...



Source: news.yahoo.com

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