Zydus Acquires 50% Stake in Sterling Biotech for Animal-Free Dairy Facility
Californian precision fermentation startup Perfect Day has agreed to sell 50% of its stake in Mumbai-based Sterling Biotech – a leading manufacturer of pharmaceutical gelatin and fermentation-derived ingredients – to Zydus Lifesciences for ₹550 crore ($66M), with the business now becoming a joint venture. The move will give both companies equal representation on the board, […]