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SHILPAMED — Shilpa Medicare News Story

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India's Shilpa Medicare rises as unit inks biologics deal with mAbTree Biologics

** Shares of Shilpa Medicare SHME.NS rise 2.4% at 645 rupees

** SHME on Monday says its unit enters into deal with Switzerland-based mAbTree Biologics for development, manufacture, marketing and sale of a new biological entity

** Stock set to gain for a second session straight

** SHME shares down ~23% so far this year; pharma index .NIPHARM down ~11%

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))

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