• First shipments to commence in April 2011

Bangalore:

Strides Arcolab Limited (Strides) today announced that it has received approval from the US FDA to commercialize the first liquid injection sterile product from the Company’s new Sterile Injectable complex in Bangalore. The approved product has been facing prolonged shortage in the USA and approval from the new facility will offer Strides unconstrained capacities to meet the market demand.

With this approval, significant capacity will be released from the existing site enabling

Strides to commercialize additional liquid injectable products.

Strides had earlier announced approval for Vancomycin Injection from its new facility in Bangalore in a lyophilized format and the Company has already started supplies to the US market in March 2011.

Commenting on this development Venkat Iyer, CEO, Agila Specialties, said, “The US FDA approval for the product from the new site will go a long way in ameliorating product shortages in critical therapeutic areas. Two significant product approvals from the new facility augur well for the launch of a series of products in the USA during 2011”

For reasons of confidentiality, the Company is not in a position to disclose the name of the product.

Additional information is available at the company’s website at www.stridesarco.com  www.stridesarco.com.

source: http://www.4-traders.com / Home Page> Shares> National Stock Exchange of India> News / Press Release – Strides – PR Consultancy / November 10th, 2012