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Strides’ Stelis Moves Closer To EU Nod For Forteo Biosimilar In FY23

Singapore Facility Gets Zero Observations

Executive Summary

Strides’ biopharma arm Stelis Biopharma has moved closer to approval in the EU and likely the US too for a biosimilar to Eli Lilly’s Forteo in FY23, following GMP certification for its manufacturing units. Meanwhile, merchant bankers have been appointed to evaluate strategic options to raise cash for Stelis.

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