Strides Arcolab is currently trading at Rs. 846.10, up by 13.40 points or 1.61% from its previous closing of Rs. 832.70 on the BSE.
The scrip opened at Rs. 838.50 and has touched a high and low of Rs. 857.35 and Rs. 822.65 respectively. So far 46,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 868.00 on 24-Aug-2012 and a 52 week low of Rs. 279.05 on 13-Sep-2011.
Last one week high and low of the scrip stood at Rs. 868.00 and Rs. 802.90 respectively. The current market cap of the company is Rs. 4,957 crore.
The promoters holding in the company stood at 28.27% while Institutions and Non-Institutions held 54.03% and 17.70% respectively.
Strides Arcolab’s wholly owned subsidiary Onco Therapies has received US Food and Drug Administration (FDA) approval for Abbreviated New Drug Application (ANDA) Topotecan Hydrochloride Injection 4mg (base), packaged in single dose vials. The generic market for generic Topotecan is about $51 million.
Topotecan is a part of the Oncology portfolio licensed to Pfizer for the US market and the product is available for immediate launch.
Strides Arcolab is a global pharmaceutical company headquartered in Bangalore, India that develops and manufactures wide range of IP-lead niche pharmaceutical products with an emphasis on sterile injectables.
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