Strides Pharma Science’s step down subsidiary -- Strides Pharma Global Pte (SPG) has acquired a majority stake in Fairmed Healthcare AG (Fairmed), a Switzerland based company with a portfolio of high?quality generic products encompassing prescription and over?the?counter drugs across several therapeutic segments.
Under the terms of the agreement, SPG will hold 70% of the issued capital of Fairmed. The company has infused CHF 2.2 Million into the entity in lieu of the equity stake.
Strides Pharma Science (Formerly Strides Shasun) is a pharmaceutical company with a major focus on development and manufacture of IP-led niche finished dosage formulations. It is also among the world’s largest manufacturers of soft gelatin capsules.
