Strides Shasun gains on receiving USFDA approval for Cetirizine Softgel Capsules

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

24 Jul 2017 Evaluate

Strides Shasun is currently trading at Rs. 1084.50, up by 5.05 points or 0.47% from its previous closing of Rs. 1079.45 on the BSE.

The scrip opened at Rs. 1091.00 and has touched a high and low of Rs. 1098.00 and Rs. 1083.55 respectively. So far 1,120 shares were traded on the counter.

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. 1098.00 and Rs. 1028.75 respectively. The current market cap of the company is Rs. 9,703.25 crore.

The promoters holding in the company stood at 31.12%, while Institutions and Non-Institutions held 49.40% and 19.47% respectively.

Strides Shasun has received an approval from the United States Food & Drug Administration (USFDA) for Cetirizine Hydrochloride Capsules, 10 mg (Liquid Filled Capsules). According to IRI data, the US market for Cetirizine Hydrochloride Capsules (Softgel) is approximately $60 million, with only one other generic player.

The product will be manufactured at the company’s flagship facility at Bangalore and marketed by Strides Pharma Inc. in the US market. The product is ready for launch immediately and as in the case of OTC products, the market formation takes time and the company expects to have an important market share in approximately six months. This is the first approval for a Softgel product after the recent USFDA inspection at the company’s Bangalore facility.

Cetirizine is an antihistamine used to relieve allergy symptoms such as watery eyes, runny nose, itching eyes/nose, sneezing, hives, and itching. It works by blocking a certain natural substance (histamine) that your body makes during an allergic reaction.

Strides Pharma Scien Share Price

1146.40 -9.45 (-0.82%)

11-May-2026 09:47 View Price Chart

Peers

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Sun Pharma Inds.	1845.75
Dr. Reddys Lab	1275.50
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Zydus Lifesciences	934.50
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