In a BSE filing the company said, Strides Pharma Global Pte. Limited has received approval for Piroxicam capsules 10mg and 20mg from the United States Food and Drug Administration (USFDA).
Piroxicam is indicated for the symptomatic relief of rheumatoid arthritis, osteoarthritis or ankylosing spondylitis.
Citing IMS sales data, the company said the US market for Piroxicam is approximately USD 11 million and the US market for Nystatin and Triamcinolone Acetonide ointment USP, 0.1 per cent is approximately USD 18 million.
The company's stock was trading 0.84 per cent lower at Rs 778.95 apiece on BSE.
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