Packaging firms are attracted to the lower-wage countries such as India and China having an eager and plentiful workforce. Worldwide drug packaging is expected to reach new heights, predicting growth of 5.3 per cent annually to $24.3 billion (€20 7 billion) in 2009 according to the new report published by Freedonia group.
AstraZeneca PLC announced that on June 18, 2007 it has completed its acquisition of MedImmune, Inc. pursuant to a short-form merger in which a subsidiary of AstraZeneca was merged with and into MedImmune with MedImmune continuing as the surviving corporation.
India and China to be leaders in excipient industry
Excipient is accelerating pharmaceutical formulation technologies and novel drug delivery system development consequently boosting the development of excipient industry. Indian pharmaceutical industry has rapidly narrowed the gap between world leading edge companies with innovative formulation R&D and its application