GMS Holdings has made the first tranche of investment of $8.49 million in Strides Shasun’s biotech arm Stelis Biopharma. The Jordan-based investment firm has made the investment through its subsidiary GMS Pharma (Singapore).
In 2014, Strides had entered into an agreement with GMS Holdings to make investments worth $21.90 million for 25.1 per cent stake in Stelis Biopharma.
Strides Shasun (formerly known as Strides Arcolab) is a global pharmaceutical company headquartered in Bangalore, India that develops and manufactures wide range of IP-lead niche pharmaceutical products with an emphasis on sterile injectables.
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1668.00 |
| Dr. Reddys Lab | 1232.25 |
| Cipla | 1228.90 |
| Zydus Lifesciences | 936.35 |
| Lupin | 2328.60 |
| View more.. | |
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