Aurobindo Pharma Ltd is setting up a wholly owned subsidiary for collaborative research here and is planning to hire over 2,000 scientists by 2008.
The company is also targeting to cross $1-billion mark in revenue over next two to three years and is scouting for acquisitions in Europe.
"We are looking to acquire smaller entities in Europe which can serve as launch pads for our growth." Mr P.V. Ram Prasad Reddy, Chairman, Aurobindo Pharma Ltd, told newspersons here on Wednesday. The firm is currently in talks with a small domestic firm for acquisition, he said, refusing to give further details.
(Source: Business Line)
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