Stocks

Strides Pharma Global Pte Limited receives approval for Loratadine Softgel Capsules

| Updated on January 16, 2020 Published on January 16, 2020

Strides Pharma Science on Thursday announced that its step-down wholly-owned subsidiary, Strides Pharma Global Pte Limited, Singapore, has received approval for Loratadine Softgel Capsules, 10-mg (OTC) from the United States Food & Drug Administration. Loratadine softgel capsule is part of Strides’ niche and small volume product portfolio with limited competition in the US private label market. According to IRi data, the US market for the drug is approximately $50 million with only one other generic approval. The product will be manufactured at the company’s oral dosage facility at Bengaluru. The stock closed 0.62 per cent lower at ₹387.20 on the BSE.

Published on January 16, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.
Alphageo receives contract from ONGC