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Endo Offloads Manufacturing Site To Strides Pharma

As Company’s Generics Sales Continues To Fall

 
• By Akriti Seth

Endo enters into an agreement with the subsidiaries of Strides Pharma to sell its manufacturing site in Chestnut Ridge, New York. Meanwhile, the company sees a double-digit drop in its generics business. Furthermore, Endo executes settlement resolving all opioid-related claims in Tennessee.

Manufacturing Unit sold
Endo sells manufacturing site to Strides as a business transformation initiative • Source: Alamy

Endo International plc has entered into an agreement with the subsidiaries of Strides Pharma to sell its manufacturing site in Chestnut Ridge, New York. Endo noted that “the exit of this site was included in a series of business transformation initiatives that the company announced in late 2020, including further optimizing of the company's generic retail business cost structure.”

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