Researched by Industrial Info Resources has released in the recent by Med Ad News ranked Biocon Limited (Bangalore, Karnataka), India's pioneer in the biotechnology space, among the world's top 25 biotechnology companies.
The report, which listed drug-based firms by revenue and by income, ranked Biocon at 20. Biocon has the distinction of being the only Asian country to be featured in the league, which includes 19 U.S. companies and five others from Europe and Australia.
Firms from across the world have begun to take interest in India's biotechnology industry, including Eli Lilly (LLY – News) and Sigma-Aldrich Corporation (SIAL – News). Johnson & Johnson (JNJ – News) and Novartis (NYSE:NVS – News) are among several major companies that already have a presence in the country.