GlaxoSmithKline looking for alliances/acquisitions in India, says CEO as he dedicates albendazole facility in Nashik

9 March 2010

UK drug giant GlaxoSmithKline, like many other pharmaceutical majors, is looking to increase its presence in the fast-growing Indian market. "We are looking for acquisitions in India which are attractive to us. We are a very financially strong company," GSK chief executive Andrew Witty told reporters after inaugurating the company's facility for manufacturing albendazole, an anti-parasitic drug, at the Nashik site in India, yesterday.

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