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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 managing director and group CEO as founder director Arun Kumar once again attempts to step away

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