Strides Pharma resumes sales of antacid drug Ranitidine in Australia

Strides predominantly sells Ranitidine tablets in the US markets

Strides Pharma
Apart from Strides Pharma, Aurobindo Pharma and Granules India are other Indian drug companies that have permission to sell Ranitidine products in the US
Samreen Ahmad Bengaluru
2 min read Last Updated : Oct 24 2019 | 11:51 AM IST
In the midst of an ongoing controversy around popular antacid drug Ranitidine, pharma major Strides Pharma Science has resumed sales of batches of Ranitidine tablets in the Australia market as it has received green signal from the country’s regulatory body Therapeutic Goods Administration (TGA) for the same.

The Bengaluru-based company had last month temporarily suspended the manufacturing and sale of its Ranitidine tablets for the US and Australia markets given the concerns around an impurity called N-nitrosodimethylamine (NDMA), associated with an increased risk of cancer.

“Batches manufactured by Strides are now available for sale in Australia through its partner Arrow,” the company said in an exchange filing on Wednesday.

According to the TGA results on Ranitidine samples, out of the 135 batches which were tested by the regulatory body, 109 batches were found to have NDMA level at or above the acceptable limit of 0.3 ppm. “These batches include 3 batches from Strides supplied to its Australian partner Arrow Pharma,” said the company.

Also only 24 oral solid dosage batches were found to have levels of NDMA within the acceptable limit of 0.3 ppm of which 20 batches were manufactured by Strides for Arrow, according to the filing. Strides said it has also submitted all requested data to the US Food and Drug Administration (USFDA) in response to the Information Request received on Ranitidine and is awaiting further feedback on the NDMA limits from it. 

Strides predominantly sells Ranitidine tablets in the US markets, and its front end sales globally for the product were $9 million in H1FY20. It has approval for both prescription and over-the-counter Ranitidine tablets for the US market but has only commercialised the prescription product currently. The company holds over 30 per cent share in the US Ranitidine prescription market. 

Apart from Strides Pharma, Aurobindo Pharma and Granules India are other Indian drug companies that have permission to sell Ranitidine products in the US. The domestic market for these products is pegged at Rs 700 crore with Cadila Phramaceuticals and GSK (Zinetac) being some of the prominent players. As a precautionary step, Dr Reddy’s Laboratories, Sandoz, Novartis and GSK too have voluntarily recalled their Ranitidine medication sold in global markets.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Strides PharmaStrides Pharma Science

Next Story