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Indian Tribunal Back Zenotech, Daiichi Sankyo's Struggle On Open Offer Price Continues

This article was originally published in PharmAsia News

Executive Summary

MUMBAI - Daiichi Sankyo's year-long struggle to wrest control of India's biotech and oncology start-up Zenotech Labs received yet another setback as the Securities Appellate Tribunal backed the founder promoters of the Hyderabad-based company led by Jayaram Chigurupati and asked the Japanese company to increase the offer price for the shares to further bolster its shareholding

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