lpca Laboratories, a pharmaceutical company, agreed to acquire a 33.38% stake in Unichem Laboratories, a pharmaceuticals business, for $126m. "We are very excited about this transaction and believe that lpca is an ideal partner to take business of Unichem through its next phase of growth. For Unichem, employees and customers have been core to its business and I strongly believe, they will benefit from lpca's expertise in providing competitive' and integrated services globally," Prakash A Mody, Unichem Laboratories Chairman and Managing Director.