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Cadila Healthcare buys remaining stake in US venture

Cadila Healthcare buys remaining stake in US venture
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First Published: Wed, Dec 17 2008. 06 51 PM IST
Updated: Wed, Dec 17 2008. 06 51 PM IST
Mumbai: Cadila Healthcare Ltd on Wednesday said it has acquired the remaining 30% in its US-based joint venture company, Zydus Pharmaceuticals USA Inc.
As a result, Zydus Pharmaceuticals has become a wholly owned subsidiary of Cadila, it said in a statement to the stock exchange.
Cadila was holding 70% in the joint venture through an Irish subsidiary, it added.
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First Published: Wed, Dec 17 2008. 06 51 PM IST