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Indian drugmaker Lupin eyeing US, emerging mkt buys

Published 05/15/08 Economy In Crisis - Print Article
E-mail - editor@economyincisis.org

Source Reuters:

Indian drugmaker Lupin Ltd is looking for acquisitions in the United States and in emerging markets to expand its overseas operations, its chairman said on Wednesday.

"These markets are very rewarding and we are working on acquiring something ... It will happen this year itself," he told reporters, after releasing quarterly results that beat expectations and lifted its shares more than 4 percent.

Lupin is also hoping to clinch a brand in the United States, the largest drug market, by the end of the fiscal year, said Vinita Gupta, president of Lupin's U.S. unit.

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