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Syngene’s winning formula
Syngene International was started by Biocon in 1993 to provide research services for pharma companies. Three decades later, the entity wants to become a global science company in its own right.
Syngene International was started by Biocon in 1993 to provide research services for pharma companies. Three decades later, the entity wants to become a global science company in its own right.
The startup became the first Indian e-pharmacy to enter the coveted unicorn club in April this year when it raised about $350 million in a funding round.
After a long time, the Union Budget has brought back a renewed focus on healthcare and health infrastructure, which it aims to achieve through a slew of measures. The health industry is elated.
The funds received from SAIF Partners, Nexus Ventures and IL&FS, will be utilised to expand LifCare’s geographical presence and invest in technology.
While the much-awaited draft policy brings a lot of ease for e-pharmacies, stakeholders are still pushing for a more unified pharma policy.