Mylan, the world's third largest generics and specialty pharmaceutical company, is upping its engagement with Indian firms. It has entered into a collaboration with Biocon, India's largest biotechnology company by revenue, to develop and commercialize generic versions of three insulin analog products, amid talk that it may also be keen to snap up a formulations plant.
The latest alliance builds on a 2009 pact between Mylan and Biocon for certain high-value generic biologic compounds – such as trastuzumab, peg-filgrastim and eternacept, among others - for the...