Indian Govt Nixes Biotech Loan Saying Foreign-Controlled Companies Disqualified
This article was originally published in PharmAsia News
Executive Summary
MUMBAI - The department of biotechnology under India's Ministry of Science and Technology has declined to advance a financial loan to Hyderabad-based biotechnology firm Shantha Biotech. Shantha Biotech had sought financial assistance for research on an undisclosed biotech drug and the financial loan was seen as a crucial step to speed up research