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Published on 5/16/2006 in the Prospect News Biotech Daily.

Dishman to use $60 million loan proceeds to fund European acquisitions

By Lisa Kerner

Erie, Pa., May 16 - Dishman Pharmaceuticals & Chemicals Ltd. said it has secured a syndicated loan up to $60 million with ICICI Bank.

Proceeds will be used to fund the potential acquisition in Europe, according to a news release.

Dishman, based in Ahmedabad, India, manufactures active pharmaceutical ingredients and chemicals


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