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Strides Shasun gains on arm receiving USFDA approval for Acetazolamide tablets

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

22 Nov 2017 Evaluate

Strides Shasun is currently trading at Rs. 832.00, up by 5.60 points or 0.68% from its previous closing of Rs. 826.40 on the BSE.

The scrip opened at Rs. 828.80 and has touched a high and low of Rs. 837.00 and Rs. 825.75 respectively. So far 28237 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. 754.00 on 09-Nov-2017.

Last one week high and low of the scrip stood at Rs. 837.00 and Rs. 759.00 respectively. The current market cap of the company is Rs. 7462.40 crore.

The promoters holding in the company stood at 31.12%, while institutions and non-institutions held 50.12% and 18.76% respectively.

Strides Shasun’s wholly owned subsidiary -- Strides Pharma Global -- has received approval from the United States Food & Drug Administration (USFDA) for Acetazolamide Tablets USP, 125 mg and 250 mg., a generic version of Diamox Tablets. The product, to be launched immediately, will be marketed by Strides Pharma Inc. in the US Market. Acetazolamide Tablets is used to prevent and reduce the symptoms of altitude sickness. Acetazolamide is also used with other medications to treat a certain type of eye problem (open-angle glaucoma).

According to IMS data, the US market for Acetazolamide Tablets is approximately $53 million. The approval, which was received in a short span of 11 months, demonstrates company's strategy of building a niche portfolio in regulated markets, having limited competition.

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

Strides Pharma Scien Share Price

1068.05 -2.85 (-0.27%)

24-Apr-2026 16:59 View Price Chart

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Strides Shasun gains on arm receiving USFDA approval for Acetazolamide tablets

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