Mumbai, September 9 (Kiran News) — Shares of Strides Pharma Science edged higher on Tuesday after its step-down wholly owned subsidiary, Strides Pharma Global (Singapore), entered into a strategic product development partnership with Kenox Pharmaceuticals Inc.
Kenox, a fast-growing contract development and manufacturing company, specializes in Orally Inhaled and Nasal Drug Products (OINDPs). Under the partnership, Strides and Kenox will jointly develop and file multiple nasal spray products for the US market, covering diverse therapeutic indications.
The collaboration aims to build a pipeline of nasal spray products, leveraging Strides’ commercial presence in the US and Kenox’s expertise in OINDPs to deliver affordable, high-quality therapies.
On the BSE, Strides Pharma Science was trading at ₹885.10, up by ₹4.05 or 0.46 percent from its previous close of ₹881.05. The stock opened at ₹896.95 and touched an intraday high of ₹897.00 and a low of ₹885.00. A total of 1,742 shares were traded during the session.
The Group ‘A’ stock, with a face value of ₹10, has a 52-week high of ₹971.90 (July 29, 2025) and a 52-week low of ₹530.70 (January 27, 2025). Over the past week, it traded between ₹878.00 and ₹913.80.
The company’s market capitalization currently stands at ₹8,195.54 crore. Promoters hold 28.30 percent stake, institutions own 41.33 percent, while non-institutional investors account for 30.37 percent.
Strides Pharma Science, formerly known as Strides Shasun, is focused on the development and manufacture of IP-led niche finished dosage formulations and is among the world’s largest producers of soft gelatin capsules.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
