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Strides Fights COVID-19-Led Sales Slump With Endo Assets, Sputnik V

New CDMO Alliance Expected

 
• By Vibha Ravi

After a COVID-19-led manufacturing halt at its India facility and a slowdown in US launches hit Strides during the first quarter of FY22, the Indian firm is trying to fight back with an acquisition of assets from Endo and a growth strategy for Stelis Biopharma’s vaccines business, led by Sputnik V.

Man Looking At Abstract Rocket Signifying Sales
Will Endo Assets, Stelis Biopharma Help Strides Get Back On Growth Trajectory? • Source: Alamy

As new regulatory approvals dried up amid a trickle of physical inspections by the US Food and Drug Administration (FDA) and its Indian manufacturing facility had to be temporarily shut down due to employees contracting COVID-19, Strides Pharma Science Limited reported a first-time operating loss in its fiscal first quarter.

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