Strides Shasun has concluded the transaction for acquisition of 3 brands from Moberg Pharma. Earlier in March, the company’s wholly owned subsidiary Strides Pharma Inc. had entered into an agreement with Moberg Pharma, Sweden and its affiliates to acquire Jointflex, Fergon, and Vanquish brands for a consideration of $10 million plus inventory value at closing.
Strides Shasun (formerly known as Strides Arcolab) is engaged in manufacturing, sale and export of pharmaceutical products. It offers general tablets, hard gelatin and soft gelatin capsules, sachets, potent drugs and and semi-solids.
