Friday, October 16, 2009


Gracias Saldanha


Net Worth: $825 million

Age: 70
Marital Status: Married, 4 children
Hometown: Mumbai

Former drug company executive started Glenmark Pharmaceuticals in 1977. Firm sells generic drugs in 95 countries. Its research labs churned out new drug candidates for osteoarthritis, diabetes and multiple sclerosis, now licensed to big pharma firms for development. Stock fell recently when Eli Lilly suspended trials of a pain molecule it was jointly developing with Glenmark.

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