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Business

Lupin to buy branded drugs from Shionogi in Japan expansion

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An employee of Lupin works at a reception at their headquarters in Mumbai.   © Reuters

MUMBAI (NewsRise) -- Lupin, India's third-largest drug maker, has agreed to buy 21 branded products from Japan's Shionogi & Co. for 15.4 billion yen ($151 million), as it seeks to expand its overseas business amid rising competition in the generics medicine market.

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