Mumbai, April 23 -- The company said it has entered into a commercial arrangement with a global distributor for pharmaceutical finished products worth about $2 million, or approximately Rs 18.8 crore.

Under the agreement, the overseas partner will distribute, market and sell the company's products, expanding its international reach.

The company said the deal is expected to strengthen its distribution network and improve revenue visibility going forward.

It added that the transaction is not a related party deal and none of the promoters have any interest in the arrangement.

Speciality Medicines is engaged in the marketing, distribution and contract manufacturing of specialty pharmaceutical formulations used in areas such as oncology, i...