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Strides’ Stelis Moves Closer To EU Nod For Forteo Biosimilar In FY23

Singapore Facility Gets Zero Observations

 
• By Vibha Ravi

Strides’ biopharma arm Stelis Biopharma has moved closer to approval in the EU and likely the US too for a biosimilar to Eli Lilly’s Forteo in FY23, following GMP certification for its manufacturing units. Meanwhile, merchant bankers have been appointed to evaluate strategic options to raise cash for Stelis.

EU Approvals
Strides' First Biosimilar Could Soon Be Approved In EU • Source: Shutterstock

Strides Pharma Science Limited’s biotech arm Stelis Biopharma has moved closer to approval of STLP001 (PTH), a biosimilar to Eli Lilly and Company’s Forteo (teriparatide), in the European Union (EU) and possibly in the US with positive developments on the manufacturing front.

Two facilities – its flagship Unit 2 in Bengaluru, which offers integrated microbial and mammalian platforms for biologics development and manufacturing and Unit 1, which has a small-scale commercial and clinical batch manufacturing

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