M&A

M&A

Strides Pharma sells Singapore manufacturing site for $15-M

Press Release  

Publicly listed Strides Pharma Science is to sell its manufacturing facility in Singapore for USD 15 million to Rxilient Biohub. Proceeds from the transaction will be utilized for debt reduction. The Singapore manufacturing site was mothballed last year and has become redundant post the acquisition of the Chestnut Ridge, US manufacturing site.