The new license means that Android is now available for the symptomatic treatment of rheumatoid arthritis, osteoarthritis or ankylosing spondylitis.
Axorid, which is to be taken as a daily capsule, provides pain relief as well as protection to the stomach in a single pill, Meda Pharma said.
Axorid contains a painkiller and protective omeprazole, which reduces levels of stomach acid.
Reportedly, it is the first medicine to combine a non-steroidal anti-inflammatory treatment (NSAID) with a proton pump inhibitor, to offer protection from stomach ulcers and gastric bleeding.
National Rheumatoid Arthritis Society spokeswoman Lynn Love said a drug that combines a non-steroidal anti-inflammatory with stomach protection will help some people with arthritis especially those that take a lot of different tablets and can be confused about what to take and when.