Syngene International on Monday signed a research and development agreement with global healthcare company GSK. As part of the agreement, Syngene will set up a customised discovery research laboratory to support projects across several therapeutic areas.

A team of Syngene scientists will work closely with GSK’s global R&D teams on discovery research projects to identify new drug candidates with the potential to address some of the world’s most pressing healthcare needs. Shares of Syngene jumped 3.18 per cent at ₹584 on the NSE.

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