The transaction is structured as a tender offer to be followed by a merger, subject to customary closing conditions, including the tender of shares representing at least a majority of the total number of outstanding shares of Assertio common stock.
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Zydus Lifesciences Ltd has announced that Zydus Worldwide DMCC, it’s subsidiary of has signed a definitive agreement, through its wholly owned acquisition subsidiary Zara Merger Sub Inc., with Assertio Holdings, Inc. a U.S.-based pharmaceutical company focused on specialty and oncology supportive-care therapies to acquire all outstanding shares of Assertio for $23.50 per share in cash, representing total consideration of $ 166.4 million on a fully-diluted basis.
“The acquisition provides Zydus with an established U.S. specialty oncology commercial platform, anchored by Assertio’s presence in oncology supportive care,” Zydus said.
Assertion’s portfolio includes ROLVEDON® (eflapegrastimxnst), approved as a BLA by USFDA for long acting GCSF biologic for the prevention of febrile neutropenia in adult cancer patients receiving myelosuppressive chemotherapy.
Under the terms of the merger agreement, Zydus will commence a tender offer to acquire all outstanding shares of Assertio common stock.
The transaction is structured as a tender offer to be followed by a merger, subject to customary closing conditions, including the tender of shares representing at least a majority of the total number of outstanding shares of Assertio common stock.
Following the successful completion of the tender offer, Zydus will acquire all remaining shares not tendered in the tender offer through a second-step merger at the same price paid in the tender offer.
The tender offer is expected to commence within five business days following the date of the merger agreement. The transaction is expected to close in the financial year 2026-27, subject to satisfaction of all closing conditions.
Sharvil P. Patel, Managing Director, Zydus Lifesciences Ltd, said, “This transaction represents a strategic step in strengthening our specialty and oncology footprint in the U.S. Assertio brings a focused commercial platform and an approved oncology asset that aligns well with our long-term strategy of building differentiated, durable specialty businesses globally.”
Published – May 14, 2026 07:49 am IST
