Pharmaceutical Giant Zydus & Perfect Day Partner to Make India an Animal-Free Protein Hub
Pharmaceutical giant Zydus Lifesciences has announced an agreement to acquire a 50% stake in Sterling Biotech, a manufacturing company based in Mumbai, purchased by the Californian biotech Perfect Day from bankruptcy for $78 million in 2022. Both Zydus and Perfect Day will have equal representation on Sterling Biotech’s Board post-transaction. It is worth highlighting that India is the world’s largest milk producer, contributing 25% of global milk production. According to …