Strides Pharma Science is currently trading at Rs. 406.80, up by 3.90 points or 0.97% from its previous closing of Rs. 402.90 on the BSE.
The scrip opened at Rs. 406.00 and has touched a high and low of Rs. 411.85 and Rs. 404.80 respectively. So far 45427 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 757.81 on 20-Feb-2018 and a 52 week low of Rs. 334.10 on 08-Jun-2018.
Last one week high and low of the scrip stood at Rs. 416.25 and Rs. 392.20 respectively. The current market cap of the company is Rs. 3638.84 crore.
The promoters holding in the company stood at 30.79%, while Institutions and Non-Institutions held 47.61% and 21.60% respectively.
Strides Pharma Science’s step?down wholly owned subsidiary -- Strides Pharma Global Pte., Singapore, has received approval for Ethosuximide Softgel Capsules USP, 250 mg from the United States Food & Drug Administration (USFDA). The product was approved in the first review cycle by the USFDA in less than 10 months of filing under the GDUFA II regime. The product is a generic version of Zarontin Capsules, 250 mg, of Pfizer Inc.
The product will be manufactured at flagship facility in Bangalore and will be marketed by Strides Pharma Inc. in the US market. The company has 86 cumulative ANDA filings with USFDA of which 57 ANDAs have been approved including 13 approvals received in FY-19.
Strides Pharma Science (Formerly Strides Shasun) is a pharmaceutical company with a major focus on development and manufacture of IP-led niche finished dosage formulations. It is also among the world’s largest manufacturers of soft gelatin capsules.
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