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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.
Medical Dialogues Bureau consists of a team of passionate medical/scientific writers, led by doctors and healthcare researchers. Our team efforts to bring you updated and timely news about the important happenings of the medical and healthcare sector. Our editorial team can be reached at editorial@medicaldialogues.in.