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Strides Pharma zooms as its arm enters into agreement with Pii

07 Feb 2020 Evaluate

Strides Pharma Science is currently trading at Rs. 504.50, up by 10.85 points or 2.20% from its previous closing of Rs. 493.65 on the BSE.

The scrip opened at Rs. 493.65 and has touched a high and low of Rs. 510.00 and Rs. 488.20 respectively. So far 111907 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 510.00 on 07-Feb-2020 and a 52 week low of Rs. 288.00 on 09-Oct-2019.

Last one week high and low of the scrip stood at Rs. 510.00 and Rs. 425.10 respectively. The current market cap of the company is Rs. 4422.29 crore.

The promoters holding in the company stood at 31.28%, while Institutions and Non-Institutions held 47.24% and 21.48% respectively.

Strides Pharma Science’s step?down wholly?owned subsidiary -- Strides Pharma Global Pte has entered into a definitive asset transfer and licensing agreement with Pharmaceutics International, Inc.(Pii) to acquire 18 Abbreviated New Drug Application (ANDAs) for the US market.

With access to these products, the company will significantly expand its niche offerings on its front end, which has grown multi?folds to attain a quarterly revenue size of $66 million. Of the 18 products successfully developed by Pii with their Pharmaceutics Know How, 11 are currently approved by United States Food and Drug Administration (USFDA), while the remaining seven products are submitted and are under different stages of review with the Agency.

Out of the 11 approved ANDAs, the company is currently commercializing two ANDAs with product supply from Pii, while the remaining approved ANDAs will be transferred to Strides’ global manufacturing facilities and commercialized over the next 18?24 months.

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.

Strides Pharma Scien Share Price

1155.85 11.30 (0.99%)
08-May-2026 16:59 View Price Chart
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