Issue Date: October 6, 2014
Shasun And Strides Agree To Combine
Two medium-sized Indian pharmaceutical companies, Strides Arcolab and Shasun Pharmaceuticals, will merge to create an entity with annual sales of about $615 million. With headquarters in Chennai on the southeast coast of India, Shasun is a producer of generic formulations and active pharmaceutical ingredients that also provides contract research and manufacturing services. The firm employs 1,800. Strides, also a producer of generics, has headquarters in Bangalore and employs more than 1,500 people.
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