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Strides Pharma

Strides Pharma Science on Tuesday reported a consolidated net loss of Rs 82 crore for the third quarter ended December 31, 2022. The drug firm had reported a net loss of Rs 127 crore in the October-December quarter of previous fiscal. Revenue from operations rose to Rs 865 crore for the quarter under review as against Rs 794 crore in the year-ago period, the company said in a regulatory filing. On a standalone basis, the company reported a net profit of Rs 12 crore as against a net loss of Rs 18 crore in the year-ago period, it added. The Bengaluru-based firm said the profit during the quarter was impacted by loss from JV and associates on account of inventory write off related to Covid portfolio. "We continue to focus on a profitable outcome for the business and have, by design, let go of several low margin businesses," Strides Pharma Science Founder, Managing Director and Executive Chairperson Arun Kumar said.

Updated On: 24 Jan 2023 | 9:21 PM IST
Bs_logoStrides Pharma reports Q3 net loss of Rs 82 cr, revenue rises to Rs 865 cr

Strides Pharma Science Ltd on Thursday said its wholly-owned arm, Strides Pharma Global Pte Ltd, has received approval from the US health regulator for generic naproxen sodium softgel capsules, used to treat pain or inflammation. The approval by the US Food & Drug Administration (USFDA) is for naproxen sodium softgel capsules of 220 mg strength (over the counter), the company said in a regulatory filing. It is bioequivalent and therapeutically equivalent to the reference-listed drug, naproxen sodium capsules, 220 mg of Bionpharma Inc, it added. The product will be manufactured at the company's Bengaluru facility. Naproxen sodium softgel capsules is a nonsteroidal anti-inflammatory drug used to treat pain or inflammation caused by conditions such as arthritis, ankylosing spondylitis, tendinitis, bursitis, gout, or menstrual cramps, the company said. Strides said it is focusing on building a private label business in the US by leveraging its portfolio of products across soft gels, .

Updated On: 18 Aug 2022 | 4:50 PM IST
Bs_logoStrides Pharma gets USFDA nod for naproxen sodium softgel capsules

Stocks to watch today: Tata Motors UK subsidiary JLR is likely to halt production due to supply disruption and chip crunch; Aviation stocks in focus after jet fuel prices hiked by 16 per cent.

Updated On: 17 Jun 2022 | 8:33 AM IST
Bs_logoStocks to watch: Telecom, Aviation, Tata Motors, HDFC, Glenmark Pharma

Strides Pharma Science on Thursday said its subsidiary has received EU-GMP certification for two of its manufacturing facilities from Hungary's National Institute of Pharmacy and Nutrition

Updated On: 16 Jun 2022 | 11:07 AM IST
Bs_logoStrides Pharma arm gets EU-GMP certification for 2 facilities from Hungary

Stocks to Watch Today: Sugar and FMCG stocks likely to be in focus as govt limits sugar exports and exempts customs duty on agri cess. Apollo Hospitals, Bata, Coal India and Nalco to report results.

Updated On: 25 May 2022 | 7:42 AM IST
Bs_logoStocks to Watch: Adani Ports, Strides, Metropolis, RITES, Zee, Balrampur

Branded as Kovidax, Strides' generic version of the Pfizer oral treatment will be launched in 95 markets as part of the sub-licensing agreement with Medicines Patent Pool (MPP), the drug firm said

Updated On: 21 Mar 2022 | 1:23 PM IST
Bs_logoStrides Pharma Science signs pact with MPP to market Covid-19 drug

Apollo Hospitals, Ashok Leyland, Bajaj Hindusthan, Divis Labs, Fortis Healthcare, Glenmark, Godrej Industries, IDFC, India Cements, Jet Airways, PFC, Shree Renuka Sugars, Star Health and Voltas to ann

Updated On: 11 Feb 2022 | 7:57 AM IST

Company expects growth momentum in the US to pick up in coming quarters driven by new product launches

Updated On: 11 Feb 2022 | 1:46 AM IST

A muted sales performance accompanied with a drop in gross margins and relatively higher operating costs has led to a negative operating leverage in the first half of FY22

Updated On: 11 Nov 2021 | 12:53 AM IST

Company to launch generic products to aid Covid-19 treatment in India, first being Liposomal Amphotericin B to treat black fungus

Updated On: 27 May 2021 | 11:03 PM IST

We finally witnessed a decisive price and volume breakout from the recent congestion zone in Strides Pharma

Updated On: 19 Apr 2021 | 8:42 AM IST

Vaccine unit will manufacture up to 800 million doses of vaccines annually

Updated On: 19 Mar 2021 | 10:53 PM IST

India has now become one of the biggest producers of Sputnik V outside of Russia. Other countries that are producing it include South Korea, Brazil and China

Updated On: 19 Mar 2021 | 4:03 PM IST

Entity Stelis Biopharma to require up to $100-mn additional funds in 3 years

Updated On: 04 Feb 2021 | 7:41 PM IST

Former HDFC Bank managing director Aditya Puri has joined global pharma major Strides Group as an advisor and will also serve as a director of its associate company Stelis Biopharma.

Updated On: 09 Jan 2021 | 1:47 AM IST

In talks with global players seeking manufacturing opportunity for potential Covid-19 vaccine

Updated On: 31 Oct 2020 | 1:15 AM IST

Drug firm Strides Pharma Science on Tuesday said its step down subsidiary has received approval from the US health regulator for Ethacrynic Acid tablets, used to treat fluid retention (edema)

Updated On: 20 Oct 2020 | 12:03 PM IST

The company had reported a strong improvement in profitability in Q1 despite Ranitidine suspension in Q4.

Updated On: 29 Sep 2020 | 1:22 PM IST

The company reported strong performance across all businesses in Q1FY21 despite significant disruptions and ambiguity in the business environment due to Covid 19.

Updated On: 11 Sep 2020 | 3:17 PM IST

Drug firm Strides Pharma Science on Thursday said it has received approval from the US health regulator for generic Prednisone tablets used as an anti-inflammatory medication. Strides Pharma Global Pte Ltd, Singapore, company's step-down wholly owned subsidiary, has received approval for Prednisone tablets USP in the strength of 1 mg from the United States Food & Drug Administration (USFDA), Strides Pharma Science said in a filing to the BSE. The product is a generic version of Schering Corporation's Meticorten tablets in the same strength, it added. 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 filing said. According to IQVIA MAT July 2020 data, the US market for Prednisone tablets USP 1 mg is approximately USD 12 million (about Rs 88 crore), it added. Prednisone belongs to a class of drugs known as corticosteroids and is used as an anti-inflammatory or an immunosuppressant medication. It i

Updated On: 03 Sep 2020 | 5:23 PM IST