Science & Technology at Scientific American.com: Outsourcing Drug Work -- [ BIOTECH ] -- Pharmaceuticals ship R&D and clinical trials to India:
"Although pharmaceutical giants such as Novartis, Pfizer and Eli Lilly have commissioned Indian firms to manufacture compounds for years, all R&D work--drug design and preclinical testing--has been done elsewhere. But during the past year, all three have publicly stated that they are actively looking at the Indian market to perform R&D services, asserts Alok Gupta, head of life sciences and biotechnology at Rabo India Finance, an investment bank. 'This is a huge opportunity.' "
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