Strides Shasun rises on receiving USFDA's nod for Tenofovir Disoproxil Fumarate Tablets

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

29 Jan 2018 Evaluate

Strides Shasun is currently trading at Rs. 805.00, up by 14.00 points or 1.77% from its previous closing of Rs. 791.00 on the BSE.

The scrip opened at Rs. 791.00 and has touched a high and low of Rs. 827.05 and Rs. 791.00 respectively. So far 10452 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. 827.05 and Rs. 786.65 respectively. The current market cap of the company is Rs. 7079.34 crore.

The promoters holding in the company stood at 31.36%, while Institutions and Non-Institutions held 51.68% and 16.95% respectively.

Strides Shasun’s wholly owned subsidiary Strides Pharma Global has received approval for Tenofovir Disoproxil Fumarate Tablets, 300 mg from the United States Food & Drug Administration (USFDA). Tenofovir Disoproxil Fumarate tablet is a generic version of Gileads’s Viread Tablet, for which the patent expired on 25 January 2018.

The company is launching the product immediately. The company already had a tentative approval for the product from USFDA for supplying under US President’s Emergency Plan for AIDS Relief (PEPFAR) program and was able to obtain expedited review of its ANDA application. It is among the first wave of companies launching the product in the US market, after the patent expiry.

According to IMS data, the US market for Tenofovir Disoproxil Fumarate is approximately $750 million. The product will be manufactured at the company’s Oral dosage facility at Bangalore and will be marketed by Strides Pharma Inc. in the US Market.

Tenofovir Disoproxil Fumarate Tablets is indicated in combination with other antiretroviral agents for the treatment of HIV-1 infection in adults. Tenofovir Disoproxil Fumarate Tablets is also indicated for the treatment of chronic hepatitis B in adults.

Strides Shasun (formerly known as Strides Arcolab) is engaged in manufacturing, sale and export of pharmaceutical products. It offers general tablets, hard gelatin and soft gelatin capsules, sachets, potent drugs and semi-solids.

Strides Pharma Scien Share Price

1159.50 3.60 (0.31%)

12-May-2026 16:01 View Price Chart

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