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June 23, 2013

New Fund Alert: Pharma firm Cipla floats corporate venturing arm

Drug maker Cipla  has launched Cipla Ventures, a new in-house division to invest in companies internationally, including from start-up hubs like Boston and London, in areas such as biotechnology, medical devices and new chemical entity. The venture will be led by Chandru Chawla, who has been appointed head of the new business ventures, and helping him will be Samina Vaziralli, who is the daughter of Cipla's joint managing director MK Hamied.

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