FDAnews Drug Daily Bulletin

JB CHEMICALS TO SET UP ARM IN RUSSIA

Dec. 22, 2005
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JB Chemicals & Pharmaceuticals Ltd announced on Wednesday its plan to set up a subsidiary in Moscow with total initial investment of $3 million. The new wholly owned subsidiary will be called ''000 Unique Pharmaceuticals Laboratories,'' the company informed the stock exchanges. The new subsidiary is expected to tap the $5.5 billion Russian pharma market having a huge potential for growth.

Hindu Business Line (http://www.thehindubusinessline.com/blnus/02211502.htm)