Dollinger index

Biocon Ltd.: Building a Biotech Powerhouse 523

2005

$ million

2004

$ million

EXHIBIT 3 India’s Major Biotech Firms, Ranked by Biotech Sales, 2004–2005

(in US$ million)

SOURCE: Biospectrum Magazine.

Rank

2005

$ million

17.5

16.3

15.8

15.6

15.4

15.1

12.0

9.3

8.9

8.2

641.1

2004

RankCompany $ million

1 2 3 4 5 6 7 8 9

10

11

12

13

14

15

16

17

18

19

20

Biocon

Serum Institute of India

Panacea Biotec

Venkateshwara

Hatcheries

Mahyco Monsanto

Novo Nordisk

Rasi Seeds

Aventis Pharma

Bharat Serums

Chiron Behring Vaccines

GlaxoSmithKlein

Indian Immunologicals

Shantha Biotechnics

Novozymes

Eli Lilly & Co.

Wockhardt

Bharat Immunological

Bharat Biotech

Advanced Biochemicals

Biological E

145.8

127.4

49.0

42.4

37.5

30.4

19.6

19.0

18.3

17.6

113.3

124.1

33.7

19.8

12.2

24.8

16.4

18.0

15.1

Company

13. 8


14. 8


15. 0


16. 9


17. 2


18. 0


19. 8


20. 1


21. 8


22. 6
    477. 4