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Business

Indian generics maker to buy Mexican eye drug manufacturer

TOKYO -- Indian generic-drug manufacturer Lupin will acquire Laboratorios Grin, a Mexican producer of ophthalmic medication, giving Lupin a foothold in a fast-growing market.

     Lupin will purchase all of Grin's outstanding shares for an undisclosed sum.

     Grin, which employs about 275, logged sales of $28 million in 2013. The Mexican pharmaceuticals market is growing about 9-10% a year, according to Lupin.

(Nikkei)

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