Strides Pharma Science on Tuesday said that its step-down subsidiary Strides Pharma Inc has acquired a USFDA-approved manufacturing facility in Florida from Micelle BioPharma Inc. The facility is one of the very few with soft gel capsule manufacturing suite for formulations with containment needs.

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It is also the only FDA-approved integrated manufacturing packaging SGC facility in the US, Strides said in a statement. Investors will closely monitor the development.

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