Serum Institute of Life Sciences will invest an additional USD 150 million in Biocon Biologics as the partners decided to restructure the deal which was inked in 2021, Biocon said on Tuesday. With the fresh capital infusion, Serum's total investment in Biocon Biologics will touch USD 300 million. Biocon Biologics Limited (BBL) and Serum Institute of Life Sciences (SILS) have reached an agreement to withdraw from the original equity structure contemplated under their strategic alliance announced in September, 2021, the Bengaluru-based biotechnology firm said in a statement. As per the new terms of the collaboration, Serum Life Sciences, a part of vaccine major Serum Institute of India, would
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