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Strides Arcolab Inks Deal With U.S. Firm

March 30, 2005

Strides Arcolab Ltd. said on Wednesday it had struck a five-year contract with a U.S.-based firm to develop four injectable products for the United States market in a deal valued at $90-160 million. Shares of the Bangalore-based company rose as much as 8 per cent to a high of 202.5 rupees at the Bombay Stock Exchange whose benchmark index was flat.
The Economic Times