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Strides Buys Florida Soft-Gel Capsule Facility To Support US Growth Plans

 
• By Penelope MacRae

India's Strides has bought a Florida soft-gel capsule manufacturing plant for $500,000 and plans to pump in up to $10m in investment to build capacity and add dosage formats.

Florida
Strides Has Bought A Plant In Florida • Source: Shutterstock

Indian drugmaker Strides Pharma Science has bought a soft-gel factory in the US for $500,000 and aims to inject up to $10m more into the facility to build capacity and add dosage formats as it pursues US growth.

The purchase is part of Strides’ move to “double-down” on the US, the world’s biggest generics market, where the company

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