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Strides Arcolab rises as its arm gets US FDA nod for Paclitaxle injection

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

30 Sep 2011 Evaluate

Strides Arcolab is currently trading at Rs 356.90, up by 1.85 points or 0.52% from its previous closing of Rs 355.05 on the BSE.

The scrip opened at Rs 355.80 and has touched a high and low of Rs 364.00 and Rs 350.00 respectively. So far 51,155 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 477.75 on 09-Nov-2010 and a 52 week low of Rs 276.25 on 22-Aug-2011.

Last one week high and low of the scrip stood at Rs 364.00 and Rs 330.20 respectively. The current market cap of the company is Rs 2071.22 crore.

The promoters holding in the company stood at 28.16% while Institutions and Non-Institutions held 51.62% and 20.22% respectively.

Onco Therapies, a division of Agila, which is a wholly owned subsidiary of Strides Arcolab, has received US Food and Drug Administration (FDA) approval for Paclitaxle injection USP, 6mg/ml packaged in 30mg/ml, 100mg/ml and 300mg/ml multiple dose vials.

Paclitaxle injection is among the products in the drug shortage list of the America Society of Health-System Pharmacists and the USFDA. The US market of Paclitaxle is about $46 million. The company will launch the product immediately.

The company has also got tentative approval for Oxaliplatin injection which has a US market of about $1.4 billion.

Recently, Onco Therapies received European Union (EU) approval for Oxaliplantin Injection 5mg/ml (10ml, 20ml and 40ml). This is the second European approval out of the 22 filings made by OTL in the year 2010 for products which have a combined market value of over $5 billion.

Strides Arcolab is global pharmaceuticals company headquartered in Bangalore, India that develops and manufactures a wide range of IP-led niche pharmaceuticals products with emphasis on sterlite injectables.

Strides Pharma Scien Share Price

1000.70 6.80 (0.68%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Sun Pharma Inds.	1675.20
Dr. Reddys Lab	1235.40
Cipla	1238.30
Zydus Lifesciences	942.55
Lupin	2324.25
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Strides Arcolab rises as its arm gets US FDA nod for Paclitaxle injection

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