26 Jun 2026
Zydus Lifesciences formed a joint venture, Zydus Sunshine Lifesciences, to build a pharmaceutical plant in Sri Lanka, with the JV carrying investment of over 20 million dollars.
Zydus takes a 50 percent stake for up to 5 million dollars and the Horana plant will make drugs for Sri Lanka's retail market, giving it a local base in a neighbour looking to cut import dependence.
16 Jun 2026
Zydus Lifesciences completed its acquisition of US-listed Assertio Holdings through a 23.50 dollar per share cash tender, taking the company private and delisting it from Nasdaq.
The deal hands Zydus an established US specialty oncology platform anchored by ROLVEDON, used to prevent febrile neutropenia in cancer patients. About 66 percent of Assertio shares were tendered before the merger closed.
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Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630. Stock notes are market commentary for general information and education. They are not investment advice, not a recommendation to buy or sell, and do not account for any individual's financial situation. Investment in securities is subject to market risks. Please read all related documents carefully before investing. Past performance is not a guarantee of future results.