Biotech industry revenue doubles to $2 bn in a year

The biotech industry is going great guns. The industry’s revenue revenue hit the $2-billion mark during 2006-07, up from $1 billion in 2004-05. The industry is now aiming to garner revenue of $5 billion before 2010. This sterling performance has its roots abroad. According to industry players, escalating research and development expenses and stringent policies are making manufacturers from the regulated Markets look towards India for cutting costs.

The Financial Express
http://www.financialexpress.com/news/
Biotech-industry-revenue-doubles-to-2-bn-in-a-year/256621/