Zydus Lifesciences has signed an agreement to amend certain clauses of the joint venture agreement (JVA) with Bayer (South East Asia) PTE, one of the companies of the Bayer group. An agreement to amend certain clauses of the JVA to enable participation in tenders of some government institutions / public sector undertakings for some products through an affiliate entity of a JV Partner.
Earlier, the company had entered into an JVA with Bayer (South East Asia) PTE dated January 28, 2011 and pursuant to which the JV Partners formed a joint venture company i.e. Bayer Zydus Pharma.
Zydus Lifesciences (formerly known as Cadila Healthcare) is an India-based pharmaceutical company.