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Vijaya Diagnostic’s Acquisition of PH Diagnostic

JSA advised Vijaya Diagnostics on their acquisition of Pune-based PH Diagnostic Centre Pvt Ltd. This strategic move, enables Vijaya Diagnostics to integrate PH’s extensive network, which includes three advanced radiology ‘hub centres’ and three ‘spoke centres’ for basic radiology services in Pune.

This acquisition aligns with Vijaya Diagnostics’ goal to expand its diagnostic network across diverse geographies, enhancing its market share and growth prospects in Maharashtra.

Our Transaction Team Comprised Lead Partner – Siddharth Mody, Partner – Rahul Deodhar, Senior Associate – Alister Sequeira and Prakhar Sharma.

Joint Venture of DBMC and Neuroglia Health Private Limited (a subsidiary of M3, Inc.)

JSA advised Dr. Bhatia Medical Coaching Institute Private Limited (DBMCI) and its promoters on its joint venture with Neuroglia Health Private Limited (NHPL), a subsidiary of Japan-based M3, Inc.

DBMCI is a pioneer in post-graduate medical entrance examinations, which operates face to face classes, live video-based coaching, provides pre-recorded lectures, and is in the teaching business since 1996. M3, Inc. provides a web portal called “M3 India” for physicians, and a learning platform “Marrow” for medical PG preparation in India.

The joint venture will enable M3, Inc. to enter the offline preparatory school business for doctors and medical students in India, complementing its existing online learning platform.

Our transaction team comprised Partner – Prakriti Jaiswal, Principal Associate – Dhruv Malhotra, Associate – Rishika Agarwal and Junior Associate – Rashi Singh.

MassMutual Ventures Southeast Asia III LLC Invests in Ragus Healthcare Private Limited

JSA advised Ragus Healthcare Private Limited (“Sugarfit”) in the Series A investment by MassMutual Ventures Southeast Asia III LLC (“MMV”) and other investors.

SugarFit is a healthtech startup engaged in the business of diabetes management and diabetes reversal technology and products.

MMV is a multistage, global venture capital firm investing in digital health companies, enterprise software, cybersecurity, and financial technology.

The total investment in this round was USD 11 million, with MMV being the major investor.

Deal value: USD  11 million

Our transaction team comprised lead partner – Shivpriya Nanda, partner – Gaurav G. Arora, associate – Twisha Shrivastava and Harshita Kapoor and junior associate – Treya Gupta.

Joint Venture of SGD Pharma and Corning Incorporated for new glass tubing facility in India

SGD Pharma and Corning Incorporated entities have set up a joint venture in India for a new glass tubing facility to expand pharmaceutical manufacturing in Telangana, India. Combining SGD Pharma’s vial-converting expertise with Corning’s proprietary glass-coating technology, the collaboration will enhance vial quality, improve filling-line productivity, and speed the global delivery of injectable treatments. The joint venture will help drugmakers respond to increasingly complex capacity and quality issues while meeting global demand for critical medicines.

Reference could be made to the following link for the transaction: SGD Pharma x Corning News Release_080623.pdf (sgd-pharma.com). JSA advised SGD Pharma.

Our Transaction Team Comprised Partner – Rinku Ambekar, Principal Associate – Reshma Oak.

Our Competition Team Partner – Vaibhav Choukse and Ela Bali, Senior Associate – Aditi Khanna.

Tata Capital invests in Apex Kidney Care

JSA advised Tata Capital Health Care Fund II, (“TCHF II”) in its investment in Mumbai-based dialysis chain Apex Kidney Care (“AKC”). The transaction was a mix of primary and secondary investment.

TCHF II is a growth-oriented private equity fund focused on the healthcare and life sciences sector in India. TCHF II is sponsored by Tata Capital Ltd.

AKC with over 180 dialysis centres, will utilise the newly infused capital to expand its dialysis network to 300 centres pan-India in next 18-24 months, of which about 50-60 dialysis centres will be standalone centres.

Our Transaction Team Comprised Lead Partner – Lalit Kumar, Partner – Bharati Joshi, Principal Associate – Amandeep Singh Virk and Associate – Harshita Agarwal and Zarish Ali.

Our Employment Team Comprised Partner – Minu Dwivedi.

Our Tax Team Comprised Partner – Kumarmanglam Vijay and Surajkumar Shetty.

Lupin Limited Acquires Five Legacy Brands of Menarini Group

JSA advised and assisted Lupin Limited (“Lupin”) in the acquisition of five legacy brands in strategic therapy areas – Gastroenterology, Urology and Anti-infectives from Menarini, along with their associated trademark rights. The brands are Piclin(Picosulphate Sodium), Menoctyl (Otilonium Bromide), Sucramal O (Sucralfate + Oxetacaine), Pyridium (Phenazopyridine) and Distaclor (Cefaclor).

Lupin is an innovation-led transnational pharmaceutical company headquartered in Mumbai, India. It develops and commercializes a wide range of branded and generic formulations, biotechnology products, and APIs in over 100 markets in the U.S., India, South Africa, and across the Asia Pacific (APAC), Latin America (LATAM), Europe, and Middle East regions. It enjoys a leadership position in the cardiovascular, anti-diabetic, and respiratory segments and has a significant presence in the anti-infective, gastro-intestinal (GI), central nervous system (CNS), and women’s health areas. Lupin is the third-largest pharmaceutical company in the United States of America by prescriptions.

The Menarini Group is a leading international pharmaceutical and diagnostics company, with a turnover of over $4.4 billion and over 17,000 employees. Menarini is focused on therapeutic areas with high unmet needs with products for cardiology, oncology, pneumology, gastroenterology, infectious diseases, diabetology, inflammation, and analgesia. With 18 production sites and 9 R&D centres, Menarini’s products are available in 140 countries worldwide.

Our Transaction Team Comprised Lead Partner – Shivpriya Nanda, Partner – Zain Pandit and Gaurav G Arora, Associate – Twisha Shrivastava and Vibhu Choubey.