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VERIFIEDET Finance·positive
Zydus, Sunshine to set up $20 million pharma JV in Sri Lanka
AI Summary
- ·Zydus Lifesciences and Sunshine Healthcare Lanka will form a $20 million joint venture.
- ·The new entity, Zydus Sunshine Lifesciences, will establish a manufacturing facility in Sri Lanka's Horana Export Processing Zone.
- ·The venture aims to increase local drug production and reduce import dependency.