Stride Arcolab’s specialties subsidiary Agila Specialists (Malaysia) and Malaysian Bio-XCell, the investment arm of Malaysian Biotechnology Corporation, has exchanged agreement for the establishment of a customized facility to manufacture biopharmaceuticals and sterile injectables in the Bio-Xcell ecosystem in Johor, Malaysia.
The agreement was exchanged by Adam Levitt, CEO-Americas of Strides Arcolab and Raja Ridzwa Raja Abdul Aziz, CEO of Bio-XCell in the presence of Tan Myhyiddin Yassin, Deputy Price Minister of Malaysia during the Bio Intentional Convention 2011 in Washington DC.
The project will be built by Bio-Xcell to the design requirements of Strides and will be leased out to Strides on a long-term basis. The lease rentals are applicable from the date of commercialization which supports the biotech strategy of Strides where there is a long gestation period from development to commercialization.
Strides Arcolab is a global pharmaceuticals company headquartered in Banglore, India that develops and manufactures wide range of IP-led niche pharmaceuticals products with an emphasis on sterlite injectables.
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| Dr. Reddys Lab | 1289.80 |
| Cipla | 1310.05 |
| Zydus Lifesciences | 954.55 |
| Lupin | 2276.65 |
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