iifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Stelis Biopharma's flagship facility receives EIR from USFDA for Drug Products at its Bengaluru facility

1 Sept 2022 , 02:23 PM

Stelis Biopharma Limited, the biologics arm of Strides Pharma Science Limited,  has announced that it received the Establishment Inspection Report (EIR) from U.S. Food and Drug Administration (USFDA) for the Drug Products (DP) facility inspection that was completed at its flagship manufacturing site (Unit 2) located at Bengaluru, India.
This outcome for the DP facility comes after the USFDA on-site Pre-Approval Inspection (PAI) at Stelis flagship manufacturing facility for several product submissions by the partners to the agency. The Unit 2 facility has high-end automated DP lines integrated with isolators to convert drug substances (DS) into stable formulations and will finish within the same facility in all injectable formats, including cartridges, pen devices, auto-injectors, pre-filled syringes, liquid, and lyophilized vials.
Arun Kumar, the Founder, said, "I am delighted with the USFDA nod for DP capabilities at our flagship facility, a second major win after receiving the EU-GMP approval in June 2022. The EIR from USFDA now also paves the way for the commercial services revenue from the site in the next two quarters after our partners receive respective product approvals. We have had an exciting year so far, and we continue to deliver even better financial outcomes as we accelerate and build on the opportunities in the Global CDMO landscape.”
As a fully integrated biologics CDMO, Stelis can offer a complete spectrum of services from its Unit 2 facility. Besides the DP capabilities, the facility has proven technical expertise and capabilities to manufacture DS across microbial, mammalian, and various other technology platforms with world-class cGMP, regulatory, and quality systems. While the microbial DS is already commissioned, the mammalian DS capabilities designed on industry-leading Single Use Bioreactor (SUB) systems will be available to partners later this month (September 2022).

The integrated capabilities at Unit 2 offer significant operational flexibility, greater efficiency, and varied scope within the same premise. Earlier in June 2022, the facility received European Union Good Manufacturing Practice (EU-GMP) approval.

Stelis continues to build its clientele with global partnerships and onboarding of new programs on the drug substance and drug product side. It remains a strong biologics CDMO player given its comprehensive capabilities, high-quality systems, and a large commercial scale with over 48,000L of drug substance across modalities and over 400 million units of fill-finish capacity.

At around 10:58 AM, Strides Pharma Science Ltd is currently trading at Rs333.05 per share up by Rs2.15 or 0.65% from its previous closing of Rs330.90 per share on the BSE.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • news
  • Strides Pharma Inc
  • Strides Pharma Science Ltd
  • Strides Pharma Science Ltd shares
  • Strides Pharma Science Ltd stocks
  • subsidiary
  • US market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

Markets end the day in red
26 Apr 2024|04:04 PM
IndiGo stock price up by more than 3% today
26 Apr 2024|06:10 PM
Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.