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Strides Pharma Science’s arms ink definitive agreement with subsidiaries of Endo

06 Aug 2021 Evaluate

Strides Pharma Science’s wholly owned subsidiaries have entered into definitive agreements with subsidiaries of Endo International plc (Endo) to acquire its manufacturing facility at Chestnut Ridge, New York and a basket of ANDAs. The proposed acquisition will further bolster Strides US presence through acquisition of a multi dosage facility in the US and a basket of ANDAs cutting across multiple therapeutic segments. The cumulative addressable market for the acquired portfolio is $4.7 billion (IQVIA MAT May 2021).

Under the terms of the agreement, Strides will pay $24 million for the acquisition. The transaction will be financed by a combination of internal accruals and debt financing. The transaction is expected to close in CY2021 subject to customary closing conditions.

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.

Strides Pharma Scien Share Price

1000.70 6.80 (0.68%)
17-Apr-2026 16:59 View Price Chart
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