Strides Arcolab gets USFDA nod for bowel cleansing medicine

Written By Unknown on Rabu, 15 April 2015 | 15.45

The approval of the oral solution is for strength of 420 grams of Glycol 3350, 11.2 grams of sodium chloride, 5.72 grams of sodium bicarbonate and 1.48 grams of potassium per 4 The product will be manufactured at the company's oral dosage facility in Bengaluru and marketed by Strides in the US, it added.

Drug maker Strides Arcolab  on Wednesday announced receipt of approval from US health regulator for selling medicine used for cleansing the bowel prior to The company has received nod from the US Food and Drug Administration for oral solution of polyethylene glycol 3350, sodium chloride, sodium bicarbonate and potassium, Strides Arcolab said in a filing to the BSE.

The approval of the oral solution is for strength of 420 grams of Glycol 3350, 11.2 grams of sodium chloride, 5.72 grams of sodium bicarbonate and 1.48 grams of potassium per 4 The product will be manufactured at the company's oral dosage facility in Bengaluru and marketed by Strides in the US, it added.

The oral solution is used for bowel cleansing prior to and along with electrolytes, it is used in preparation of colonoscopy in adults and paediatric patients of six years and Citing IMS data, Strides Arcolab said US market for the oral solution is estimated to be around USD 20 millionStrides Arcolab shares were trading 1.63 percent up at Rs1,221.95 per scrip during afternoon session on the BSE.

Strides Arcolab stock price

On April 15, 2015, at 14:13 hrs Strides Arcolab was quoting at Rs 1219.95, up Rs 17.60, or 1.46 percent. The 52-week high of the share was Rs 1249.00 and the 52-week low was Rs 448.50.


The company's trailing 12-month (TTM) EPS was at Rs 69.51 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 17.55. The latest book value of the company is Rs 273.58 per share. At current value, the price-to-book value of the company is 4.46.


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