Ranbaxy R&D spend impresses observers
India's Ranbaxy has been singled out by the Wall Street Journal as beingin the strongest position of the country's drugmakers because it is claimed that the firm is spending considerably on innovative R&D rather than focusing on generic formulations. Ranbaxy's share price has fallen some 20% this year but US approvals (see page 23) should see a return to form for the company.
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