Strides Shasun has achieved closure with Vivimed Labs to set up Joint Ventures (JV) in India and Singapore.
Earlier in May, the company had signed definitive agreements with Vivimed Labs to set up two JV companies. The 50:50 joint venture in India would own the USFDA approved formulation facility in Alathur, Chennai and the equal JV in Singapore through Strides Pharma Global Pte, Singapore would own certain approved ANDAs and product pipeline.
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 semi-solids.
