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23 May, 2024 14:28 IST
Strides gets USFDA nod for Oseltamivir Phosphate for Oral Suspension

Strides Pharma Science, a pharmaceutical company manufacturing IP-led niche products,  announced that its step-down wholly owned subsidiary, Strides Pharma Global Pte., Singapore, has received approval for Oseltamivir Phosphate for Oral Suspension,6 mg/mL from the United States Food & Drug Administration (USFDA). The product is bioequivalent and therapeutically equivalent to the Reference Listed Drug (RLD), Tamiflu for Oral Suspension, 6 mg/mL, of Hoffmann-La Roche, Inc.

According to IQVIA MAT November 2020 data, the US market for Oseltamivir Phosphate for Oral Suspension, 6 mg/mL was approximately ~USD 132 million. The product will be manufactured at the company’s facility at Bengaluru and will be marketed by Strides Pharma Inc. in the US market.

The company has 271 cumulative ANDA filings with USFDA of which 243 ANDAs have been approved and 28 are pending approval.

Shares of the company declined Rs 18.50 or 4.16%, to settle at Rs 426.50. The total volume of shares traded was 180,350 at the BSE (Tuesday).

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