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By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – The Indian agriculture products company Kilpest and Spanish lab and research technologies company Biotools B&M Labs have inked an agreement to start a joint venture to be based in India that will conduct research and development in the clinical, molecular biology, and ag-food areas.

Under the memorandum of understanding, Kilpest will have a 51 percent equity stake and Biotools will have a 49 percent stake in the joint venture.

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