Biotech is a huuuuge bubble which is now bursting...but not like IT boom burst..this bursting coz of inumberable amount of students finishing course and being in streets..
a few remarks about a company which initiated this hype in India. I got to know about this from an industry insider.
*Startd an org. called ABLE and became its torchleader for 2 yrs which is solely meant for promoting that single organization in the state *Startd organizing mega event projecting tht it is to lure investors from across the world to India. but the reality and motive is entirely different (which cant be disclosed in a public forum) *Hardly anyone knows that one of their API forumlation has a banned chemical presence. Due to this license of this company is cancelled in china and some other countries *Posterwoman of this company led a delegation to Europe 2 yrs back with reps from Dr. Reddys, Avestagen etc. They signed in certain treaties over there which included non-commercialization of certain drugs in India. This company led by the posterwoman came back and openly violated the treaty and thereby invited mass embarassment to the country and other fellow delegates.
*then comes the much hyped IPO which boasts of 4 times oversubscription. it was the most hyped and most begged IPO (beggin cmpnies like ICICI to invest) ever in biotech industry.
*ANother fact is about starting the company itself. Nowhere she has mentioned her father for the credit of helping her settin up the enzyme company i
