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Indian drugmakers see unique opportunity in biosimilars

Generics producers bet big on a market projected to hit $12.1bn in 2020

A Biocon employee tests drugs in one of the company's pharmaceutical labs. (Courtesy of Biocon)

BANGALORE/NEW DELHI Indian pharmaceutical companies, which dominate the global market for generic drugs, are gearing up for their next big opportunity: developing an innovative class of complex drugs when the original products, which generate sales of up to $60 billion a year, go off patent in advanced industrial economies.

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