Strides Pharma receives USFDA approval to manufacture the generic version of Carafate®

On May 22, 2024, Strides Pharma Science Limited, based in Bangalore, India, shared that its step-down wholly owned subsidiary, Strides Pharma Global Pte, as per the reports. Limited, Singapore, received approval from the USFDA to manufacture the generic Sucralfate Oral Suspension, 1gm/10ml.

The bioequivalent product shows a similar therapeutic effect to the Reference Listed Drug, Carafate® 1gm/10mL of AbbVie. Sucralfate is prescribed to treat stomach ulcers, gastroesophageal reflux disease (GERD), radiation proctitis, and stomach inflammation and to prevent stress ulcers.

The market size of the medicine is ~USD 124 Million as per IQVIA (March 2024). The company will launch ~60 new US products within the next three years.