MLM News

Thursday, July 14, 2005

MLM In India Sami Labs

Companies & Industry

Sami Labs, Bangalore based health-science company, is eyeing a European acquisition. According to a company official, it has set aside Rs 100 crore for the acquisition which is likely to be announced shortly.

On the drug development side, the company has secured Drugs Controller General of India's (DCGI) nod for phase III trails of Forskolin eye drops in curing Glaucoma and a drug for Psoriasis has reached the Investigational New Drug (IND) level.

The company is also planning to launch its cosmeceutical range of products. It will be adopting the multi-level marketing (MLM) route to launch the products in India.