Sun Pharmaceutical Industries Ltd.

Sun Pharmaceutical Industries has entered into an agreement with Surgimatix, Inc to acquire 16.33% shares of Surgimatix, Inc. The cost of acquisition is around $3.05 million. 

Surgimatix, Inc. is engaged in the business of developing a proprietary soft tissue fixation device for laparoscopic hernia repair and other minimally invasive surgeries. The company was incorporated on November 19, 2007. Surgimatix, Inc. is yet to commence its commercial operations.

Sun Pharmaceutical Industries is among the largest specialty generic pharmaceutical company and India's top pharmaceutical company.