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Abbott gains on collaborating with Biocon’s arm to open first nutrition R&D center

Abbott India Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 500488 | NSE: ABBOTINDIA

03 May 2012 Evaluate

Abbott is currently trading at Rs. 1610.00, up by 0.95 points or 0.06% from its previous closing of Rs. 1609.05 on the BSE.

The scrip opened at Rs. 1649.85 and has touched a high and low of Rs. 1655.55 and Rs. 1600.00 respectively. So far 665 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1807.00 on 16-Apr-2012 and a 52 week low of Rs. 1368.00 on 20-Jun-2011.

Last one week high and low of the scrip stood at Rs. 1665.00 and Rs. 1600.00 respectively. The current market cap of the company is Rs. 3421.24 crore.

The promoters holding in the company stood at 74.99% while Institutions and Non-Institutions held 6.13% and 18.89% respectively.

Abbott, one of the India’s largest health care companies, have unveiled plans to establish its first nutrition research and development center in the country in collaboration with Syngene, India’s leading contract research organization and also subsidiary of Biocon.

The Abbott Nutrition R&D Center in India will focus on the development of science based, affordable nutrition products for the country and enable the expansion of Abbott’s nutrition product portfolio there. It will focus on development of nutrition products for maternal and child nutrition and diabetes care.

Abbott Selected the largest biotech company in India-Syngene, to provide a science based research and innovation team to work closely with Abbott researchers. More than 50 researchers and scientists will be based at Abbott Nutrition R&D Center in India at Biocon Park, which is expected to open in June 2012.

Biocon is Asia’s leading R&D based Biotechnology Company. It produces anti-diabetic agents like Acarbose, Pioglitazone, Repaglinides and Rosiglitazone. In the biological segment it produces Insulin, Erythropoietin (EPO), Filgrastim (GCSF), Streptokinase and Monoclonal Antibodies. The drug major also produces mycophenolate mofetil, sirolimus and tacrolimus.

Abbott India Share Price

25797.15 -65.00 (-0.25%)

17-Apr-2026 16:59 View Price Chart

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Abbott gains on collaborating with Biocon’s arm to open first nutrition R&D center

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