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Strides Arcolab firms up on partnering with Gilead to produce and distribute Hepatitis C drug

Strides Pharma Science Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 532531 | NSE: STAR

16 Sep 2014 Evaluate

Strides Arcolab is currently trading at Rs. 751.00, up by 9.40 points or 1.27 % from its previous closing of Rs. 741.60 on the BSE.

The scrip opened at Rs. 740.25 and has touched a high and low of Rs. 756.60 and Rs. 740.00 respectively. So far 37151 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1050.00 on 05-Dec-2013 and a 52 week low of Rs. 343.80 on 26-Feb-2014.

Last one week high and low of the scrip stood at Rs. 746.35 and Rs. 708.00 respectively. The current market cap of the company is Rs. 4444.79 crore.

The promoters holding in the company stood at 27.67 % while Institutions and Non-Institutions held 50.73 % and 21.59 % respectively.

Strides Arcolab has partnered with Gilead Sciences Inc whereby the latter has licensed Strides to produce generic sofosbuvir and investigational single tablet regimen of ledipasvir/sofosbuvir for treatment of chronic Hepatitis C, for distribution to 91 developing countries including India, Eqypt & Indonesia which are high burden countries. The pharma major is one among 7 companies in India who are licensed by Gilead Sciences Inc.

The countries within the agreement account for more than 100 million people living with Hepatitis C globally representing 54% of the total globally infected population.

Under this licensing agreement, Strides receives a complete technology transfer of the Gilead manufacturing process for both API & finished product to enable scale up production as quickly as possible. Strides can also set its own prices for the generic product they produce, paying a royalty on sales to Gilead to support product registrations, medical education and training, safety monitoring and other business essential activities. The licenses also permit the manufacture of sofosbuvir or ledipasvir in combination with other chronic Hepatitis C medicines.

Strides Pharma Scien Share Price

1000.70 6.80 (0.68%)

17-Apr-2026 16:59 View Price Chart

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Strides Arcolab firms up on partnering with Gilead to produce and distribute Hepatitis C drug

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