Sun Pharma Advanced Research Company (SPARC) has become the first pure research company to be listed on the Indian stock exchange. The pharmaceutical innovation company listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) today.



SPARC was created when Mumbai-based pharmaceutical major Sun Pharma hived off its innovative research and drug development undertaking, including new drug delivery systems, into a separate company.

Such hiving off of their R&D units by pharma companies seems to be a trend now.

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