Breaking News

You are here » Indian-Commodity  :  Top News  :  Strides Shasun receives USFDA approval for Cetirizine Softgel Capsules

24-Jul2017

Strides Shasun receives USFDA approval for Cetirizine Softgel Capsules

Strides Shasun has received an approval from the United States Food & Drug Administration (USFDA) for Cetirizine Hydrochloride Capsules, 10 mg (Liquid Filled Capsules).  According to IRI data, the US market for Cetirizine Hydrochloride Capsules (Softgel) is approximately $60 million, with only one other generic player.

The product will be manufactured at the company's flagship facility at Bangalore and marketed by Strides Pharma Inc. in the US market. The product is ready for launch immediately and as in the case of OTC products, the market formation takes time and the company expects to have an important market share in approximately six months. This is the first approval for a Softgel product after the recent USFDA inspection at the company's Bangalore facility.

Cetirizine is an antihistamine used to relieve allergy symptoms such as watery eyes, runny nose, itching eyes/nose, sneezing, hives, and itching. It works by blocking a certain natural substance (histamine) that your body makes during an allergic reaction.



Related News

View all news

Gold futures settle higher on Wednesday

Gold futures settled higher on Wednesday, due to easing dollar index amid latest round of tariffs by China and the United States. However, the 'modest risk aversion' attitude in the world marketplace capped......

Physical Rubber prices witness weakness on Wednesday

Physical Rubber prices showed weakness on Wednesday. Spot prices for RSS-4 variety fell to Rs 129.00/ kg compared to its previous closing of Rs 129.50/ kg; while the RSS-5 variety declined to Rs 124.50/......

Copper futures end nearly flat on Wednesday

Copper futures ended nearly flat on Wednesday as traders weighed the latest moves in the trade battle between United States and China. Though, weaker dollar against some major basket of currencies capped......

Top News

View all news

TCS iON enters into strategic business partnership with The Training Room

Tata Consultancy Services' (TCS) strategic business unit TCS iON has entered into a strategic business partnership with The Training Room, a leading UK provider of technical training courses and careers......

IGL plans to add 60 CNG stations, give 2 lakh connections in FY19

Indraprastha Gas (IGL) is planning to add a record 60 CNG dispensing stations and give piped cooking gas connections to at least 2 lakh households this fiscal as it steps up efforts to achieve the government's......

RCF to begin work on coal gasification based fertilizer plant at Talcher: Report

Rashtriya Chemicals and Fertilizers (RCF) will reportedly commence work on the coal gasification based fertilizer plant at Talcher in state of Odisha. The company has got approval for equity investment......