Archive · 24 May 2025

Sun Pharma to Invest $25M in Pharmazz Inc, Increasing Stake

Sun Pharma to Invest $25M in Pharmazz Inc, Increasing Stake

Sun Pharma, a big medicine maker, is giving up to $25 million to a company called Pharmazz Inc.

This will let Sun Pharma own more of Pharmazz, about 22.7%.

Pharmazz is working on medicines, including ones to help people with a stroke or low blood volume.

The money will be given in two parts, with the first part happening soon.

Sun Pharma will also get the chance to sell one of Pharmazz's medicines in some countries.

Sources