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Sun Pharma to acquire Daiichi's 11.28 percent stake in Zenotech
After the acquisition, Sun Pharma's stake in Zenotech will increase from 57.56 percent to 68.84 percent.
New Delhi: Sun Pharmaceutical Industries on Monday said it has entered into a share purchase agreement with Japan's Daiichi Sankyo Company to acquire the latter's 11.28 percent stake in Zenotech Laboratories. Sun Pharma said it will pay ₹5.32 crore for the stake.
The company's capabilities extend beyond the development of differentiated products, including liposomal products, inhalers, lyophilized injections, nasal sprays, and controlled release dosage forms. The R&D is led by a strong team of more than 2000 scientists.
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