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Hyderabad Pharma City, is a large pharmaceuticals industrial park being established Mucherla near Hyderabad, India by the Government of Telangana. [1] Spread over 19,000-acre (77 km 2 ), the Park is touted to be biggest of its kind industrial cluster for the pharmaceuticals for pharmaceutical companies in manufacturing and development needs.
Neovantage Innovation Parks is a collaborative life sciences ecosystem in Genome Valley, Hyderabad consisting of Grade A R&D facilities. Neovantage Innovation Parks is spread over 1,000,000 sq ft of space, including built-up facilities of around 850,000 sq.ft. provided to global tenants like Novartis , GlaxoSmithKline , Mylan and Ashland Inc.
In 2018, [22] and 2019, [23] Aurobindo Pharma USA recalled tablets containing valsartan due to the detection of N-Nitrosodiethylamine (NDEA) which is a probable human carcinogen. In November 2019, Aurobindo Pharma USA recalled ranitidine tablets, capsules, and syrup due to the detection of unacceptable levels of N-nitrosodimethylamine (NDMA). [24]
The pharmaceutical industry in India was valued at an estimated US$42 billion in 2021 and is estimated to reach $130 billion by 2030. [1] India is the world's largest provider of generic medicines by volume, with a 20% share of total global pharmaceutical exports.
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This is a non-exhaustive list of prominent companies based in Hyderabad, Telangana (i.e. having their headquarters in Hyderabad). Adyar Ananda Bhavan; Aurobindo Pharma [1] Biological E. Limited; Bharat Biotech [2] Brightcom Group; Cyient; Central Institute of Tool Design; Deccan chronicle; Divi's Laboratories [3] Dr. Reddy's Laboratories [4]
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In 2011 the city was ranked nineteenth in the world by The New York Times in The list of 41 Places to Go in 2011, the only Indian City in the list. [22] Hyderabad is known as the City of Pearls, due to the presence of pearls trading industry—until the 18th century the city was the only global trade center of large diamonds.