Indian biotech gains $32.5M in venture funds
Posted by smaranya on 24th January , 2007India’s Avesthagen has rounded up $32.5 million in venture funds with Fidelity International leading the round. Fidelity gained a 10 percent stake in the company for $13 million. The money will go to R&D, infrastructure and the acquisition of technology companies. Avesthagen, which is based in Bangalore, says it will launch its first bio-pharma products [...]