Strides Pharma to acquire arms of Endo in U.S for $24 mn
The Hindu
With this acquisition, Strides would have doubled its US portfolio with the potential to launch 5-6 new products each quarter going forward.
City-based Strides Pharma Science Limited (Strides) on Friday said its 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, for $ 24 million. The new portfolio has 20 commercial products and a basket of dormant ANDAs (abbreviated new drug applications) that are expected to fast track Strides’ new product launch strategy for US markets, as per the communique.
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