Corporate Update
Strides Pharma acquires 70 percent stake in Fairmed Healthcare AG
Strides Pharma acquires 70 percent stake in Fairmed Healthcare AG
![]()
By Elets News Network - 12 September 2019
Strides Pharma Science has acquired 70 percent stake in a Switzerland-based Fairmed Healthcare AG for over 15.50 crore.
The company’s step-down subsidiary Strides Pharma Global has acquired a majority stake in Fairmed Healthcare AG which has a portfolio of generic products encompassing prescription and over-the-counter drugs across several therapeutic segments, Strides Pharma said in a statement.
“Under the terms of the agreement, Strides Pharma Global Pte will hold 70% of the issued capital of Fairmed. Strides has infused CHF (Swiss franc) 2.2 million into the entity in lieu of the equity stake,” it added.
The acquisition further strengthens Strides’ footprint in continental Europe, it said.
Like
Dislike
Be a part of Elets Collaborative Initiatives. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook , connect with us on LinkedIn and follow us on Twitter , Instagram.
"Exciting news! Elets technomedia is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!
