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Ranbaxy to demerge its R

New Delhi, Jan 17 (UNI) Ranbaxy Laboratories Ltd today said it will spin off its R&D unit into a separate entity.

The company has now decided to demerge its 'New Drug Discovery Research Unit' into a separate entity and has deferred the decision for consideration at a specifically convened Board meeting in early February, 2008.

UNI SR PBB RN1513

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