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Following the success of its first plant in the African region, Ranbaxy South Africa Private Ltd, a subsidiary of the Indian pharmaceutical giant Ranbaxy Laboratories plans to set up its second manufacturing plant at Johannesburg, South Africa. Ranbaxy has a total of three manufacturing plants in the entire African region.

Cardiff-based AssayMetrics has secured investment from commercial funding company, Finance Wales, to develop a plate reader used in compound screening by the biotech and pharmaceutical industries. The early stage business has also received investment from a syndicate of business angels.

By Lewis Krauskopf Results from the world's top two drugmakers -- Pfizer and GlaxoSmithKline -- and Eli Lilly follow the upbeat report earlier this week from another industry titan, Merck .