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Strides Shasun gains on receiving USFDA approval for Promethazine Hydrochloride Tablets

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

03 Jul 2017 Evaluate

Strides Shasun is currently trading at Rs. 1,000.00, up by 1.55 points or 0.16% from its previous closing of Rs. 998.45 on the BSE.

The scrip opened at Rs. 1010.00 and has touched a high and low of Rs. 1014.00 and Rs. 1006.90 respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1259.00 on 03-Feb-2017 and a 52 week low of Rs. 848.50 on 24-May-2017.

Last one week high and low of the scrip stood at Rs. 1014.00 and Rs. 919.70 respectively. The current market cap of the company is Rs. 9,036.00 crore.

The promoters holding in the company stood at 31.09%, while Institutions and Non-Institutions held 48.89% and 20.02% respectively.

Strides Shasun has received approval from the United States Food & Drug Administration (USFDA) for Promethazine Hydrochloride Tablets USP, 12.5 mg, 25 mg, and 50 mg. Promethazine Hydrochloride Tablet is used to prevent and treat nausea and vomiting related to certain conditions. It is also used to treat allergy symptoms such as rash, itching, and runny nose.

The product will be manufactured at the company’s flagship facility at Bangalore and marketed by Strides Pharma Inc. in the US Market. According to IMS data, the US market for Promethazine Hydrochloride Tablets USP, 12.5 mg, 25 mg, and 50 mg is approximately $17 million.

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

Strides Pharma Scien Share Price

1068.05 -2.85 (-0.27%)

24-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Sun Pharma Inds.	1619.95
Dr. Reddys Lab	1315.85
Cipla	1294.75
Zydus Lifesciences	927.15
Lupin	2296.10
View more..

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Strides Shasun gains on receiving USFDA approval for Promethazine Hydrochloride Tablets

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