Zydus Lifesciences acquires 6.5 pc in Mylab Discovery Solutions for Rs 106 cr

Zydus Lifesciences invested Rs 106 crore in Mylab Discovery. Mylab is an Indian biotech company known for its diagnostic kits. They developed India's first COVID-19 testing kit. The deal gives Zydus a 6.5% stake in the company. Mylab notably developed a rapid COVID-19 test. The transaction is expected to close within two weeks.