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flag STEMedical USA and Sri Lanka's biotech institute partner on a $15M lab project, boosting export goals.

flag On July 15, 2025, STEMedical USA and Sri Lanka's Institute of Biotechnology (SLIBTEC) signed a Memorandum of Understanding for a $15 million project to establish an accredited laboratory. flag This initiative aims to enhance lab capacity in health, agriculture, cosmetics, and Ayurveda, working alongside existing labs to ensure quality. flag The project supports Sri Lanka's goal of doubling export revenue by 2030.

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