Drug firm Arvind Remedies BSE 1.75% has inked a pact with Adesh University to make formulation products targeting certain diseases such as diabetes and depression based on the Punjab based institution's patents.

"The company has signed Memorandum of Understanding with Adesh University, Punjab, to transfer the patent rights to the company for manufacturing and marketing of formulation products from botanical source for treatment of Type 2 diabetes, coronary heart disease, neuro and anti-depression," Arvind Remedies said in a filing to the BSE.

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