Ipca Laboratories is an Indian pharmaceutical company established in 1949 that exports medications to over 100 countries. The company aims to become a $400 million company by 2010 by expanding its global leadership in antimalarial drugs and key partnerships. Ipca has over 4,500 employees and facilities in Athal, Ratlam, and Kandla for manufacturing tablets, capsules, liquids, and injectables. It has regulatory approvals from agencies in the UK, Australia, South Africa, Brazil, and WHO. Research and development is a priority, with over $5 million annually spent on developing generic drugs and new drug delivery systems through collaborations with Indian universities.