Strides Shasun on Wednesday said its wholly-owned subsidiary has received approval from the US health regulator for Acteazolamide tablets, used to prevent and reduce symptoms of altitude sickness.
The approved product is a generic version of Diamox tablets.
Strides said the product, to be launched immediately, will be marketed by Strides Pharma Inc in the US.
Citing IMS sales data, the company said the US market for Acteazolamide tablets is approximately $53 million.
The company's stock was trading 0.72 per cent higher at Rs 832.35 per scrip on BSE.