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Strides Pharma acquires 70% stake in Switzerland based Fairmed Healthcare

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Strides Pharma Science announced that its step down subsidiary Strides Pharma Global (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% of the issued capital of Fairmed.

Strides has infused CHF 2.2 Million into the entity in lieu of the equity stake.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 11 2019. 09:40 IST