Aptuit to buy majority Laurus Labs stake |
BS Reporter / Hyderabad June 18, 2007 |
US-based contract drug development firm Aptuit is acquiring a majority stake in Hyderabad-based Laurus Labs by putting in more than $100 million (above Rs 400 crore) over the next four years.` Following the agreement, the two companies announced the formation a new entity called Aptuit Laurus. |