Strides Arcolab has received approval from the US health regulator to market its generic Imiquimod cream, used in treating skin diseases, in the American market.
The Bangalore-based company has received approval from the US Food and Drug Administration (USFDA) for Imiquimod cream, Strides Arcolab Ltd said in a statement.
“This is the first product approval from Beltapharm, the company’s USFDA approved semi-solids facility in Milan, Italy.
The product will be marketed directly by Strides in the US market,” it added.
According to IMS data, the US market for generic Imiquimod cream is around $140 million.
Imiquimod cream is a topical skin cream indicated for the treatment of certain types of actinic keratoses (precancerous skin lesions) on the face or scalp, external genital and perianal parts in patients aged 12 years and more.
Strides shares were trading at Rs 624.75 apiece on the BSE, up 3.46 per cent from its previous close.