Mumbai, May 14 -- Meanwhile, the company's subsidiary, Zydus Worldwide DMCC (Zydus Worldwide) through its wholly owned acquisition subsidiary Zara Merger Sub Inc., has signed a definitive agreement with Assertio Holdings, to acquire all outstanding shares of Assertio for $ 23.50 per share in cash. The deal represents total consideration of approximately $166.4 million on a fully-diluted basis, calculated using the treasury stock method.

Assertio is a U.S. based pharmaceutical company focused on specialty and oncology supportive-care therapies with its novel product ROLVEDON (eflapegrastim xnst), approved by USFDA for long-acting G CSF biologic for the prevention of febrile neutropenia in adult cancer patients receiving myelosuppressive c...