Don’t miss the latest developments in business and finance.

Strides Pharma Science to additionally invest USD 40 mn for controlling stake in Stelis Biopharma

Image
Capital Market
Last Updated : Sep 20 2019 | 1:50 PM IST
Strides Pharma Science announced that the Board of Directors of the Company have approved an additional investment up to a maximum of US$ 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.

Powered by Capital Market - Live News

Also Read

First Published: Sep 20 2019 | 1:22 PM IST

Next Story