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Strides’ Founder Considering Stake Sale In UK CDMO?

 
• By Anju Ghangurde

More M&A may be in store in the contract development and manufacturing space, with the founder of India’s Strides group apparently open to divesting his holding in the UK-based Sterling Pharma Solutions, at least going by what some deal street insiders say.

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STRIDES' FOUNDER IS BELIEVED TO BE CONSIDERING DIVESTING HIS HOLDING IN A CDMO

The founder of India’s Strides group, Arun Kumar, who holds a substantial stake in Sterling Pharma Solutions, is believed to be considering a sale of his holding in the UK-based contract development and manufacturing organization (CDMO), if the buzz on deal street is to be believed.

The CDMO space, which has seen some large deals over the past few years, is considered ripe for more M&A and an attractive play for strategic investors given its growth potential in the backdrop of pharma’s continued interest in

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