Strides receives USFDA tentative approval for Diclofenac Potassium Softgel Capsules

Strides receives USFDA tentative approval for Diclofenac Potassium Softgel Capsules

Dec 04, 2019 05:12 IST capital market

Strides Pharma Science announced that its step]down wholly owned subsidiary, Strides Pharma Global, 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.

Diclofenac Potassium Softgel Capsules is part of Strides niche and small volume product portfolio with limited competition in the US market. According to IQVIA MAT data, the US market for Diclofenac Potassium Softgel Capsules, 25 mg is approximately US$ 30 million. Strides can launch the product earliest by September 2022 based on terms of settlement. On receiving full approval, the product will be manufactured at the companyfs Oral dosage facility at Bangalore and marketed by Strides Pharma Inc in the US Market.

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