Wockhardt eyes US, China buys

May 29, 2006 10:58 IST

Wockhardt has set its eyes on biotechnology companies in China and the US. It has been in talks with four research-based biotechnology companies in China and three bio-pharma companies in the US for the purpose, sources close to the

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development said.

Two leading consultants including Frost & Sullivan have been appointed by the company to conduct due diligence on the proposed acquisitions. Wockhardt executives declined to comment on the development.

C H Unnikrishnan in Mumbai

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