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New Deal


Announced

Strides Pharma Science to acquire a 70% stake in Fairmed Healthcare.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For70%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Switzerland

pharmaceutical company

Pharmaceuticals

Acquisition

Majority

Private

Pending

Friendly

Single Bidder

Synopsis

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Strides Pharma Science, a pharmaceutical company headquartered in Bangalore, India, agreed to acquire a 70% stake in Fairmed Healthcare, a pharmaceutical company in Zug, Switzerland. Financial terms were not disclosed. “Strides Pharma adds some key factors that are crucial toward opening up new markets. We will also significantly extend our generics portfolio of prescription and OTC drugs in Germany, the major country in the European pharmaceutical market," Oren Weininger, owner and CEO of Fairmed Healthcare.

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