Zydus Lifesciences, a discovery-driven, global life sciences company, through its wholly owned subsidiary Zydus Animal Health &Investments Limited (ZAHIL), has acquired 6.5% stake in Mylab Discovery Solutions from Rising Sun Holdings, an investment company owned by Adar Poonawalla. The acquisition represents collective vision to transform healthcare by combining therapeutic expertise in human formulations and diagnostic capabilities of the two companies. The transaction is subject to the fulfilment of customary closing conditions.
Hasmukh Rawal, managing director, Mylab, said,
