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Strides Pharma Science is currently trading at Rs. 331.75, up by 5.15 points or 1.58% from its previous closing of Rs. 326.60 on the BSE.

The scrip opened at Rs. 332.45 and has touched a high and low of Rs. 334.50 and Rs. 329.80 respectively. So far 4512 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 847.45 on 11-Jun-2021 and a 52 week low of Rs. 263.45 on 11-May-2022.

Last one week high and low of the scrip stood at Rs. 334.50 and Rs. 296.70 respectively. The current market cap of the company is Rs. 2932.99 crore.

The promoters holding in the company stood at 30.60%, while Institutions and Non-Institutions held 38.48% and 30.92% respectively.

Strides Pharma Science’s step-down wholly owned subsidiary -- Strides Pharma Global Pte, Singapore, has received approval for Ibuprofen Oral Suspension USP, 100 mg/5 mL from the United States Food & Drug Administration (USFDA). The product is bioequivalent and therapeutically equivalent to the Reference Listed Drug (RLD), Motrin Oral Suspension, 100 mg/5 mL, of McNeil Consumer Healthcare (McNeil).

The US market for Ibuprofen Oral Suspension USP, 100 mg/5 mL is approximately $66 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 274 cumulative ANDA filings (including recently acquired portfolio from Endo at Chestnut Ridge) with USFDA of which 250 ANDAs have been approved and 24 are pending approval.
The company currently has around 60 commercialized products in the US and has set a target to launch around 20 new products every year from the combined portfolio.

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.