Strides Shasun has received approval from the US Food and Drug Administration for cetirizine hydrochloride capsules, used to relieve allergy symptoms.
Strides Shasun said in a BSE filing: “It has received approval from the US FDA for cetirizine hydrochloride capsules, 10mg (liquid filled capsules OTC).“
The company said the product will be manufactured at its facility in Bengaluru and is ready for launch.
Quoting IRI data, Strides Shasun said the US market for cetirizine hydrochloride capsules is approximately $60 million, with only one other generic player.
The company shares were trading 0.16 per cent higher at Rs 1,081.20 on the BSE.