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Strides Founder Back As MD, Asserts Confidence In US As Company Exits Parts Of Europe

Exits Canada Too In ‘Strategy Of Scale’

 
• By Vibha Ravi

Back as Strides managing director, founder Arun Kumar is confident of reversing a slide in profits via a recalibration strategy that saw the company exit Canada and a few European markets. Meanwhile, eyes are on the fallout of a CRO that serviced Strides apart from Sandoz, Teva and more getting caught in CHMP and FDA’s crosshairs.

Change
Arun Kumar As Managing Director, Changes Are Afoot At Strides • Source: Shutterstock

Founder Arun Kumar is back in the driver’s seat at Strides Pharma Science Limited and at the first analyst meet post resumption of his role as managing director, outlined a recalibration strategy that saw the company exit Canada and a few European markets while continuing to be upbeat about the US.

In FY23, conserving cash will likely be high on the agenda as the company tries to fight repercussions of the Russia-Ukraine war from an increase in freight and raw material prices to $40m worth of COVID-19 vaccine Sputnik inventory it is holding

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