Markets
BSE See NSE See 61,489.64
-226.41 (-0.37%)

Strides Shasun gets USFDA approval for Cyproheptadine Hydrochloride Tablets

Nidhi Jani
/ Categories: Trending
Rate this article:
5.0

Strides Shasun’s wholly-owned subsidiary Strides Pharma Global Pte. Ltd. has received approval for Cyproheptadine Hydrochloride Tablets from the United States Food & Drug Administration (USFDA), keeping its ANDA approval momentum intact.

Cyproheptadine Hydrochloride Tablets is an antihistamine used to treat allergy symptoms such as watery eyes, runny nose, sneezing, hives, and itching. According to IQVIA data, the US market for Cyproheptadine Hydrochloride Tablets USP, 4 mg is approximately US$ 20 million.

The company is well-positioned in the market as consistency in compliance indicates minimal regulatory risk in the US market where other peers face difficulties. The company has 74 cumulative ANDA filings with USFDA, out of which 46 ANDAs have been approved and 28 are still awaiting.

Strides Shasun has a global manufacturing footprint with seven manufacturing facilities spread across three continents including five USFDA approved facilities and two facilities for the emerging markets.

On Thursday, the stock of Strides Shasun opened at Rs. 654 per share and touched an intra-day low of Rs. 632, on the BSE.

Previous Article Ten stocks close to their 52-week high
Next Article Ten stocks close to their 52-week low
Please login or register to post comments.

Get A Call From Industry Experts

Send Otp

   I authorize DSIJ Pvt Ltd to contact me. This will override registry on the NDNC.

DSIJ MINDSHARE

TTK Prestige jumps 15 per cent and gets past 10,000 mark for the first time; what’s steaming in the stock?

Interestingly, the stock has surpassed its previous trading session’s volumes in the initial hour itself.  

Karan Dsij / Article rating: 5.0
Today, the stock has registered a fresh all-time high of Rs 10,587 on NSE. It is trading up by 15 per cent while a huge spike in the...

Ultratech Cement Q2 results fail to stir exuberance, closes flat despite 15 per cent growth in sales

Consolidated revenue stood at Rs 12016 crore for the quarter, a 15.69 per cent growth compared to the same quarter last year.

Shreya Banthia / Article rating: 5.0
Consolidated revenue stood at Rs 12016 crore for the quarter, a 15.69 per cent growth compared to the same quarter last...
First246Last

Knowledge

124Last