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Shasun Pharmaceuticals and SeQuent form global animal health JV

10:26 AM MST | March 7, 2014 | Natasha Alperowicz

Shasun Pharmaceuticals (Chennai, India) and SeQuent Scientific (Bangalore, India) say that they today signed an agreement to form a joint venture to develop, manufacture, and sell veterinary products, including active pharmaceutical ingredients and formulations to supply the global market. The companies last July signed a letter of intent to form the jv.   As part of the agreement, Shasun is transferring its Vizag manufacturing facility to the new jv. SeQuent will hold 73% and Shasun 27% in the new company, which is expected to be operational in the first...

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