MUMBAI: Zydus Lifesciences announced that it will acquire a 6.5% stake in diagnostic firm Mylab Discovery Solutions for Rs 106 crore.
Zydus Animal Health, a subsidiary of Zydus Lifesciences, will acquire the stake from Rising Sun Holdings, an investment company owned by SII promoter Adar Poonawalla.
Sujit Jain, director of strategy, Mylab, said, “It is the first time in India that a pharmaceutical company, a diagnostic company, and a vaccine manufacturer join forces with each other. I am confident that this partnership will revolutionise the way diseases are diagnosed, treated, and prevented.”
Zydus Animal Health, a subsidiary of Zydus Lifesciences, will acquire the stake from Rising Sun Holdings, an investment company owned by SII promoter Adar Poonawalla.
Sujit Jain, director of strategy, Mylab, said, “It is the first time in India that a pharmaceutical company, a diagnostic company, and a vaccine manufacturer join forces with each other. I am confident that this partnership will revolutionise the way diseases are diagnosed, treated, and prevented.”