Strides Pharma Science is currently trading at Rs. 716.00, up by 19.65 points or 2.82% from its previous closing of Rs. 696.35 on the BSE.
The scrip opened at Rs. 697.70 and has touched a high and low of Rs. 719.00 and Rs. 692.30 respectively. So far 30770 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 764.60 on 14-Oct-2020 and a 52 week low of Rs. 271.00 on 20-Mar-2020.
Last one week high and low of the scrip stood at Rs. 719.00 and Rs. 658.20 respectively. The current market cap of the company is Rs. 6352.46 crore.
The promoters holding in the company stood at 29.69%, while Institutions and Non-Institutions held 42.24% and 28.07% respectively.
Strides Pharma Science’s step-down wholly owned subsidiary -- Strides Pharma Global Pte., Singapore, has received approval for Prednisone Tablets USP, 2.5 mg and 5 mg from the United States Food & Drug Administration (USFDA). The product is bioequivalent and therapeutically equivalent to the Reference Listed Drug (RLD), Deltasone Tablets, 2.5 mg and 5 mg, of Pharmacia and Upjohn Co.
According to IQVIA MAT September 2020 data, the US market for Prednisone Tablets USP, 2.5 mg and 5 mg is approximately $30 Mn. The product will be manufactured at the company’s flagship facility at Bengaluru and will be marketed by Strides Pharma Inc. in the US market.
The company has 127 cumulative ANDA filings with USFDA of which 93 ANDAs have been approved and 34 are pending approval.
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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