Corporate News 08-May-19
Vivimed Life Sciences recalls hypertensive drug from US market
On 08 May 2019
Vivimed Labs announced that its Board has decided to sell its stake in 50:50 JV with Strides for augmenting management focus on the growing FDF portfolio across India, RoW and CISmarkets and also to Improve financial flexibility for the domestic finished dosage business and reduction of long term leverage in the Indian operations. Consequently, VLL Sold balance 50% stake in Vivimed Life Sciences Private Limited, India to Strides Pharma Science Limited and the balance 50% stake in Strides Vivimed Pte Ltd, Singapore to Strides Pharma Global Pte, Singapore.
Previous News
Vivimed Labs reports consolidated net loss of Rs 265.99 crore in the March 2023 quarter
( Results - Announcements 04-Jun-23 09:14 )
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Vivimed Labs to transfer subsidiary to Vivimed Specialty Chemicals UK
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