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Sun Pharmaceuticals Industries to acquire 18.75% stake in Tarsius, Israel

Capital Market 

For consideration of USD 3 mn

announced that one of the wholly owned subsidiaries of the company has agreed to acquire shares of Tarsius Pharma, ('Tarsius'), Israel, by way of subscription of 345,622 ordinary shares of nominal value of NIS 0.01 each, representing 18.75% of shares of Tarsius, on a fully diluted basis.

The cost of acquisition is USD 3 million.

Tarsius is an based early stage research and development company focusing on development of drug candidates in the field of Ophthalmology.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, September 10 2018. 17:42 IST