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Strides Plans Injectables Re-entry As Mylan Non-Compete Nears End

 
• By Vibha Ravi

Indian firm Strides to invest up to $40m in acquired Stelis for re-entry into generic injectables and multiple biosimilar APIs as it looks to build its business.  

ine conveyor for labeling and packaging ampoules in boxes
Strides Moves Back Into Injectables • Source: Shutterstock

Strides Pharma Science Ltd. (earlier known as Strides Pharma Inc. ) plans to invest up to $40m for a controlling stake in Indian firm Stelis Biopharma Pvt. Ltd. in a strategic move to gain re-entry into the injectable generics business and capitalize on the latter’s imminent growth prospects.

While Strides currently holds around 43% in Stelis, its stake in the biopharmaceutical company has fluctuated over the years. The current fund infusion, spread over two years, aims to once...

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