Strides Pharma Science’s board has approved an additional investment up to a maximum of $40 million over a period of 24 months for a controlling stake in Stelis Biopharma (Stelis).
The proposed new investments will be a primary infusion into Stelis which will enable Stelis to achieve its objective of becoming a compelling global player in the biopharmaceutical space and also accelerate Strides’ re-entry into sterile injectables business post the completion of the company’s non-compete period in December 2019.
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.
| Company Name | CMP |
|---|---|
| Sun Pharma. Inds. | 1899.00 |
| Dr. Reddys Labs. | 1154.00 |
| Cipla | 1385.00 |
| Lupin | 2111.00 |
| Zydus Lifesciences | 1121.00 |
| View more.. | |
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