In a noteworthy development, Strides Pharma Science witnessed a surge in its share price as it announced the receipt of USFDA approval from the United States Food and Drug Administration (USFDA) to sell a generic drug for nerve pain.
This USFDA approval, granted to Strides Pharma Global Pte Limited, Singapore, marks a significant milestone for the pharmaceutical company.
USFDA Approval for Pregabalin Capsules
The subsidiary, Strides Pharma Global Pte Limited, Singapore, played a pivotal role in securing this USFDA approval, positioning the company as a key player in the global pharmaceutical landscape.
Pregabalin Capsules Specifications
The approved Pregabalin capsules, ranging from 25 mg to 300 mg, are not only bioequivalent but also therapeutically equivalent to the Reference Listed Drug (RLD), Lyrica capsules of Upjohn US.
This bioequivalence ensures that the generic drug maintains the same efficacy and safety profile as the original medication, providing reassurance to healthcare professionals and patients.
Comparison with Reference Listed Drug (RLD)
Being bioequivalent and therapeutically equivalent to the RLD holds immense importance in the pharmaceutical realm.
It signifies that the generic medication, in this case, Pregabalin capsules, delivers the same therapeutic effect as the branded Lyrica capsules.
Medical Applications of Pregabalin Capsules
Pregabalin capsules find application in the treatment of fibromyalgia, a condition characterized by widespread musculoskeletal pain.
The approval of these capsules offers new hope to individuals suffering from fibromyalgia, providing them with an alternative and more accessible treatment option.
Global Expansion Strategies
This achievement not only solidifies the company’s presence in the United States but also enhances its credibility on the global stage, attracting potential partnerships and collaborations.
Fibromyalgia, a chronic disorder characterized by widespread pain, fatigue, and sleep disturbances, poses significant challenges for those affected.
Pregabalin capsules, with their approval for treating fibromyalgia, offer a ray of hope for individuals battling this condition, providing a targeted and effective therapeutic option.
Importance of Generic Drugs
The approval of generic drugs plays a vital role in the pharmaceutical industry.
It not only promotes healthy competition but also contributes to making medications more affordable and accessible to a larger population.
Generic drugs, like Pregabalin capsules, offer comparable efficacy to their branded counterparts, ensuring quality healthcare for all.
Patient Accessibility and Affordability
The approval of generic drugs enhances patient accessibility and affordability.
By offering cost-effective alternatives, pharmaceutical companies contribute to healthcare systems’ sustainability, ensuring that essential medications are within reach for a broader segment of the population.
Investors are likely to view this USFDA approval as a positive signal for Strides Pharma.
The potential increase in market share and revenue can make the company an attractive prospect for those looking to invest in the pharmaceutical sector. The ripple effect of this news may extend to the broader economic landscape.
Disclaimer: This article contains information derived from the source mentioned below. Our team utilized an AI language model to rewrite and present the news or article in a unique format.
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