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Strides Shasun rises on receiving approval from DCGI for generic version of Sofosbuvir

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

21 Dec 2015 Evaluate

Strides Shasun is currently trading at Rs. 1311.20, up by 5.00 points or 0.38% from its previous closing of Rs. 1306.20 on the BSE.

The scrip opened at Rs. 1310.30 and has touched a high and low of Rs. 1321.10 and Rs. 1304.00 respectively. So far 16798 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1412.45 on 23-Nov-2015 and a 52 week low of Rs. 822.20 on 10-Feb-2015.

Last one week high and low of the scrip stood at Rs. 1334.80 and Rs. 1255.05 respectively. The current market cap of the company is Rs. 10560.19 crore.

The promoters holding in the company stood at 27.65% while Institutions and Non-Institutions held 44.42% and 27.94% respectively.

Strides Shasun has received approval for manufacturing generic version of Sofosbuvir 400 mg (Gilead’s Sovaldi) from Drug Controller General of India, Government of India (DCGI). In September 2014, Strides entered into a licensing agreement with Gilead Sciences, Inc to bring Hepatitis C cure to 91 developing countries. The product will continue to be marketed under the brand name ‘Virso’ in India and overseas.

Sofosbuvir is the first-in-class NS5B polymerase inhibitor to be launched in India for Hepatitis C treatment and represents a paradigm shift in the existing Hepatitis C cure. The high potency, high barrier to resistance, pan genotypic activity, once-daily dosage, good safety profile and the limited drug-drug interactions of Sofosbuvir makes it a breakthrough drug in Hepatitis C treatment. This drug in combination therapy has shown to have high cure rates of around 90%.

Strides Shasun is a vertically integrated global pharmaceutical company headquartered in Bangalore. The company has four business verticals - Regulated Markets, Emerging Markets, Institutional Business and Pharmaceutical Services & Active Ingredients.

Strides Pharma Scien Share Price

1000.70 6.80 (0.68%)

17-Apr-2026 16:59 View Price Chart

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Strides Shasun rises on receiving approval from DCGI for generic version of Sofosbuvir

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