Aptuit and Laurus sign $100M JV accord
USA-based Aptuit, which is focused on supporting the early drug development process, is to invest nearly $100.0 million in India's Laurus Labs. The deal, which sees Laurus chief executive Satyanarayana Chava join Aptuit's board, will establish the Aptuit Laurus joint venture.
The new entity, which will offer contract drug development, R&D and manufacturing facilities, will be based in Hyderabad, with additional sites in Vishakhapatnam and Bangalore. Further terms of the deal were not provided.
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