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Strides Expects Bhami Tech To Boost CDMO Arm; Former CFO Now MD And Group CEO

“We Are Very Late” With Teriparatide Launch

 
• By Vibha Ravi

Strides expects a licensing of Bhami’s formulation technology that enables subcutaneous delivery of biologics to boost associate company OneSource’s CDMO business. Meanwhile, its former CFO has been appointed MD and group CEO amid a US portfolio re-balance

Sales and earnings
Strides Expects Upturn In Business • Source: Shutterstock

Strides Pharma Science Limited is shifting focus to chronic therapies from acute as it seeks to weed out excessive seasonality in its US business and move towards a US revenue target of $400-500m that management has been talking about for some time now but got derailed by COVID-19.

Meanwhile, its former chief financial officer (CFO) Badree Komandur, who has been with the company since 2010, has been appointed...

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