Bangalore-based Strides Pharma Science announced that it has acquired 70% stake in Switzerland-based Fairmed Healthcare AG for 2.2 million Swiss Francs (around ₹15.86 crore). The acquisition was made through subsidiary Strides Pharma Global Pte Ltd. The business, after acquisition, will have access to Strides’ already approved product portfolio for the markets Fairmed operates in with supplies from several of its EU approved facilities.

(Live Mint)