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Last Updated : Dec 04, 2019 11:20 AM IST | Source: Moneycontrol.com

Strides Pharma share price rises on USFDA nod for Diclofenac Capsules

Diclofenac Potassium Softgel Capsule is a nonsteroidal anti‐inflammatory drug used to relieve pain and swelling from various mild to moderate painful conditions.

 
 
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After six consecutive sessions of losses, shares of Strides Pharma Science climbed over a percent in morning trade on BSE on December 4 after the company's subsidiary received tentative approval from the USFDA for Diclofenac Potassium Softgel Capsules.

Strides Pharma Science Limited on December 4 announced that its "step‐down wholly-owned subsidiary, Strides Pharma Global Pte. Limited, Singapore, has received tentative approval for Diclofenac Potassium Softgel Capsules, 25 mg from the United States Food & Drug Administration (USFDA)."

The product is a generic version of Zipsor Capsules, 25 mg, of Assertio Therapeutics, Inc.

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Diclofenac Potassium Softgel Capsule is a nonsteroidal anti‐inflammatory drug used to relieve pain and swelling from various mild to moderate painful conditions. It is used to treat muscle aches, backaches, dental pain, menstrual cramps, and sports injuries.

Strides is a global pharmaceutical company headquartered in Bangalore, India. Around 11 hours IST, shares of the company traded 1.35 percent higher at Rs 382.25 on BSE.

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First Published on Dec 4, 2019 11:20 am
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