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Strides Shasun Expands Australia Base With Amneal Deal

 
• By Penelope MacRae

Indian drug firm Strides Shasun has acquired the Australian unit of Amneal Pharmaceuticals, extending its customer footprint as it sets sights on becoming the leading player in the Australian generics market.

Leadership
STRIDES SHASUN HOPES TO ATTAIN A LEADERSHIP POSITION IN AUSTRALIA

Strides Shasun Ltd., which has been shifting gears to become a global business-to-consumer operation from being almost an entirely business-to-business company, has bought the Australian operations of Amneal Pharmaceuticals, pursuing its goal of being the leading player in the Australian generics market.

The purchase for AUD17m ($13m) was made by Arrow Pharmaceuticals, a unit of Strides Pharma Global Pte Ltd in Singapore,...

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