CEO Sets Strides For Growth With Endo Execs

Stelis Signals Listing, Focus Shift

 
• By Vibha Ravi
  
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Appointing executives from Endo in key positions, Strides' CEO has set up a team to deliver growth, though the impact of ranitidine withdrawal and COVID-19 will defer a revenue target of $800m. Meanwhile, Stelis Biopharma signals a shift in focus from biologics development to CDMO opportunities and is poised for a stock exchange listing. 

A businessman appoints a leader to the head of the team. Creation of an effective teams of specialists for the implementation of a new project. HR recruiting. Management appointment. nepotism
Strides' CEO Has Set Up A High-Powered Team To Drive Growth • Source: Shutterstock

Like a soccer team manager, CEO and managing director R Ananthanarayanan is carefully choosing the players on his squad at Strides Pharma Science. Having spent nearly 13 months getting a feel of the company and the competitive field, he has now picked two senior executives from Endo International to help implement a strategy that involves a focus on US and other regulated markets for future growth.

Endo’s former executive vice president and chief operating officer Terrance Coughlin is set to join Strides Pharma as CEO-US, while...

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