Strides Shasun Limited announced that its subsidiary Strides Pharma Global Pte Limited, Singapore has received tentative approval from the United States Food & Drug Administration (USFDA) for its Para IV filing of Fingolimod Capsules, 0.5 mg.
Fingolimod Capsules is used for treatment of adult patients with relapsing forms of multiple sclerosis. The product is currently sold by Novartis under the brand name GILENYA.
The product can be launched on generic market formation expected in February 2019, with a potential 180 day exclusivity.
Based upon available information, Company believes it is amongst the first wave of ANDA applicants for Fingolimod with a Paragraph IV certification. On receiving full approval, the product will be manufactured at the Company's Oral dosage facility at Bangalore and marketed by its subsidiary in USA, Strides Pharma Inc.