{"id":90391,"date":"2026-09-07T10:14:47","date_gmt":"2026-09-07T04:44:47","guid":{"rendered":"https:\/\/newswireindia.in\/index.php\/2026\/09\/07\/sudarshan-pharma-industries-to-acquire-9-5-stake-in-us-based-medtherapy-biotech\/"},"modified":"2026-09-07T10:14:47","modified_gmt":"2026-09-07T04:44:47","slug":"sudarshan-pharma-industries-to-acquire-9-5-stake-in-us-based-medtherapy-biotech","status":"publish","type":"post","link":"https:\/\/newswireindia.in\/index.php\/2026\/09\/07\/sudarshan-pharma-industries-to-acquire-9-5-stake-in-us-based-medtherapy-biotech\/","title":{"rendered":"Sudarshan Pharma Industries to Acquire 9.5% Stake in US-Based MedTherapy Biotech"},"content":{"rendered":"
\n

Mumbai (Maharashtra) [India], September 7:<\/strong> BSE-listed\u00a0Sudarshan Pharma Industries Ltd [BSE Scrip Code: 543828, Trading Symbol: SUDARSHAN, ISIN: INE00TV01023]\u00a0has announced its first major overseas biotech acquisition.<\/p>\n

In a disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company informed exchanges that its Board of Directors at its meeting held today \u2013 5th September 2026 between 4:30 pm and 5:00 pm \u2013 has approved the acquisition of\u00a024,23,675.64 equity shares\u00a0of Common Stock, par value US$0.0001 per share, of\u00a0MedTherapy Biotechnology Inc., USA.<\/p>\n

The acquisition represents\u00a09.50% of the issued and outstanding share capital\u00a0of the target company. The consideration will be paid in cash in US Dollars, with the price based on valuation as per prevailing valuation norms.<\/p>\n

Promoters to co-invest<\/h3>\n

Alongside the company, its promoters will also acquire a stake in the same target:<\/p>\n

    \n
  • Mr. Hemal Mehta, Chairman & Managing Director:\u00a03,82,685.63 shares (1.50%)<\/li>\n
  • Mr. Sachin Mehta, Joint Managing Director:\u00a03,82,685.63 shares (1.50%)<\/li>\n<\/ul>\n

    The company clarified that the transaction does not fall within related party transactions and will be done at arm\u2019s length.<\/p>\n

    Legal and commercial due diligence will be concluded before closure, with FEMA compliances to be addressed.<\/p>\n

    Target Snapshot: MedTherapy Biotechnology Inc.<\/h3>\n

    According to Annexure-A filed by the company:<\/p>\n

    Name:\u00a0MedTherapy Biotechnology Inc. (\u201cMedTherapy Biotech\u201d), a corporation incorporated under the laws of the State of Delaware, USA<\/p>\n

    Business:\u00a0Boston-based global Cancer Cell & Gene Therapy Company founded in 2018 by experts from Harvard and former Novartis executives. It operates as an end-to-end, integrated CAR-T Cell CDMO, with a commercial-scale GMP manufacturing facility in New Delhi, India and a technology development site in Boston, USA.<\/p>\n

    Mission:\u00a0Founded with a mission to make CAR-T cell therapy affordable and accessible so that almost every cancer patient would be able to afford it.<\/p>\n

    Strategic Rationale<\/h3>\n

    Sudarshan Pharma listed three key objects for the 9.5% acquisition:<\/p>\n

      \n
    1. Enter the U.S. market and establish a presence there.<\/li>\n
    2. Access the customer base, contracts, and distribution network.<\/li>\n
    3. Expand into new products and services.<\/li>\n<\/ol>\n

      The move marks a diversification beyond its main line of business into high-value advanced cell and gene therapy CDMO services.<\/p>\n

      Regulatory Path & Timeline<\/h3>\n

      The company said governmental approval required is from the\u00a0Reserve Bank of India under Foreign Exchange Management Act, 1999\u00a0and the Foreign Exchange Management (Overseas Investment) Rules, Regulations and Directions, 2022, as may be amended from time to time \u2013 under the automatic route.<\/p>\n

      Indicative time period for completion:\u00a0On or before\u00a031st March 2027.<\/p>\n

      The company has requested BSE to take the disclosure on record.<\/p>\n

      \n<\/div>\n","protected":false},"excerpt":{"rendered":"

      Mumbai (Maharashtra) [India], September 7: BSE-listed\u00a0Sudarshan Pharma Industries Ltd [BSE Scrip Code: 543828, Trading Symbol: SUDARSHAN, ISIN: INE00TV01023]\u00a0has announced its first major overseas biotech acquisition. In a disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company informed exchanges that its Board of Directors at its meeting held today \u2013 […]<\/p>\n","protected":false},"author":1,"featured_media":90392,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3],"class_list":["post-90391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts\/90391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/comments?post=90391"}],"version-history":[{"count":0,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts\/90391\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/media\/90392"}],"wp:attachment":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/media?parent=90391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/categories?post=90391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/tags?post=90391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}