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Zydus Buys Agenus' Biologics Facilities in US for $125 Million
Mint Hyderabad
|June 04, 2025
Zydus Lifesciences announced on Tuesday it is acquiring two biologics contract manufacturing facilities in California from US-based Agenus Inc. for a total consideration of up to $125 million.
Zydus Lifesciences announced on Tuesday it is acquiring two biologics contract manufacturing facilities in California from US-based Agenus Inc. for a total consideration of up to $125 million. The deal includes an upfront payment of $75 million, with the remaining $50 million to be paid over the following three years.
The Ahmedabad-based pharmaceutical firm said the acquisition will establish its presence in the rapidly-expanding global biologics contract development and manufacturing organization (CDMO) sector.
This story is from the June 04, 2025 edition of Mint Hyderabad.
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