Zydus completed the acquisition of a 50% stake in Sterling Biotech from Perfect Day for $65m..

Zydus, a pharmaceutical company, completed the acquisition of a 50% stake in Sterling Biotech, a pharmaceutical preparation manufacturing company, from Perfect Day, a food technology startup company, for $65m. This partnership aligns with Zydus’ strategy to explore new collaborations and position India as a global supply chain hub for sustainable and environmentally friendly products. The move is expected to leverage the strengths and expertise of both companies in the growing market for alternative proteins.