Strides Shasun Receives USFDA Nod For Promethazine Hydrochloride Tablets

Strides Shasun on Monday announced that it has received approval from the USFDA for Promethazine Hydrochloride tablets USP, 12.5 Mg, 25 mg and 50 mg.

According to the IMS data, the US market for Promethazine Hydrochloride tablets USP 12.5 mg, 25 mg and 50 mg is approximately USD 17 million. The product will be manufactured at the company flagship facility in Bangalore and marketed by Strides Pharma Inc. in the US market.

The tablets are used to prevent and treat nausea and vomiting related to the certain condition. It is also used to treat allergy symptoms such as rash, itching and runny nose.

The stock of Strides Shasun on Friday ended at Rs 998 per share lower by Rs 2.55 per share or 0.25% on the NSE. It has delivered negative returns of 11% and has underperformed the BSE Mid-cap and BSE Healthcare indices in a period of one year.

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About Suhani Varma

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