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Strides Pharma Global Pte Ltd (SPG) acquires Switzerland based Fairmed Healthcare AG
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Strides Pharma Global Pte Ltd (SPG) acquires Switzerland based Fairmed Healthcare AG

Agency News

Bengaluru, Sept 11: Strides Pharma Science Limited (Strides) today announced that its step down subsidiary Strides Pharma Global Pte Ltd(SPG) has acquired a majority stake in Fairmed Healthcare AG(Fairmed), a Switzerland based company with a portfolio of high-quality generic products encompassing prescription and over-the-counter drugs across several therapeutic segments.

Under the terms of the agreement, SPG will hold 70 per cent of the issued capital of Fairmed, according to a release here on Wednesday.

Bengaluru Strides, with its headquarters in Bengaluru, has infused CHF 2.2Million into the entity in lieu of the equity stake. (UNI)