Temasek-backed firm, Zydus may recast API, gelatine business of Sterling Biotech
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Temasek-backed firm, Zydus may recast API, gelatine business of Sterling Biotech

By Sreeja Biswas

  • 27 Aug 2024
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Temasek-backed firm, Zydus may recast API, gelatine business of Sterling Biotech
Pankaj Patel, chairman at Zydus Lifesciences Limited | Credit: Mint

The owners of Sterling Biotech--Generic drugmaker Zydus Lifesciences Ltd and private equity Temasek-backed Perfect Day Inc—plan to restructure some of the businesses of their jointly-held venture, including its active pharmaceutical ingredient (API) and gelatine businesses, a person aware of the matter told VCCircle.     Zydus Lifesciences had signed an agreement with Temasek-backed food technology company ......

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