Biocon Ltd has been ranked as the seventh largest employer amongst the top global biotechnology companies by global BT magazine Med Ad News.

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Biocon among top 25 biotech companies

According to a report released by Med Ad News, which takes into consideration drug-based firms, the city-based Biocon had been ranked seventh-largest by number of employees it employed, a Biocon release said here today.

BIO 2008, held in San Diego, stated that the global biotechnology industry will be a $100 billion annual business by 2010. The revenue had reached $85 billion in 2007.

There were close to 5,000 biotech companies across the globe. The top 25 biotech companies represent 62 per cent of all biotech sales and almost certainly over 90 per cent of income.

Reacting to the listing, Kiran Mazumdar-Shaw, CMD of Biocon said, "It is a matter of enormous pride for Biocon to be ranked amongst the top global league of Biotech companies.

This is a validation of our constant effort at attaining global leadership and also highlights the true potential of this sector in a country like India." Amgen Inc is the top ranked BT company in the world having a staff strength of 20,100 in the year 2007, while Biocon had a strength of about 3,000./

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