Glenmark Pharma.
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July 2 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
GLENMARK PHARMA - UNIT ADVANCES MULTI-COUNTRY PHASE 3 TRIAL FOR TRASTUZUMAB REZETECAN IN PLATINUM-RESISTANT OVARIAN CANCER
Source text: ID:nBSE55fTLy
Further company coverage: GLEN.NS
(([email protected];))
July 2 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
GLENMARK PHARMA - UNIT ADVANCES MULTI-COUNTRY PHASE 3 TRIAL FOR TRASTUZUMAB REZETECAN IN PLATINUM-RESISTANT OVARIAN CANCER
Source text: ID:nBSE55fTLy
Further company coverage: GLEN.NS
(([email protected];))
June 11 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
GLENMARK PHARMA - LAUNCHES WINLEVI (CLASCOTERONE) 10 MG/G CREAM IN KEY EUROPEAN MARKETS
Source text: ID:nBSE1cHzrV
Further company coverage: GLEN.NS
(([email protected];;))
June 11 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
GLENMARK PHARMA - LAUNCHES WINLEVI (CLASCOTERONE) 10 MG/G CREAM IN KEY EUROPEAN MARKETS
Source text: ID:nBSE1cHzrV
Further company coverage: GLEN.NS
(([email protected];;))
June 5 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
GLENMARK PHARMA - GLENMARK PHARMACEUTICALS INC USA LAUNCHES LACOSAMIDE INJECTION USP
Source text: ID:nBSE7xtZqY
Further company coverage: GLEN.NS
(([email protected];))
June 5 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
GLENMARK PHARMA - GLENMARK PHARMACEUTICALS INC USA LAUNCHES LACOSAMIDE INJECTION USP
Source text: ID:nBSE7xtZqY
Further company coverage: GLEN.NS
(([email protected];))
May 29 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
GLENMARK PHARMA Q4 CONSOL NET PROFIT 3.01 BILLION RUPEES
GLENMARK PHARMA Q4 CONSOL NET SALES 37.6 BILLION RUPEES
GLENMARK PHARMA - DECLARES DIVIDEND OF 2.5 RUPEES PER SHARE
Source text: [ID:]
Further company coverage: GLEN.NS
(([email protected];))
May 29 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
GLENMARK PHARMA Q4 CONSOL NET PROFIT 3.01 BILLION RUPEES
GLENMARK PHARMA Q4 CONSOL NET SALES 37.6 BILLION RUPEES
GLENMARK PHARMA - DECLARES DIVIDEND OF 2.5 RUPEES PER SHARE
Source text: [ID:]
Further company coverage: GLEN.NS
(([email protected];))
May 18 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
GLENMARK PHARMA - LAUNCHES VANCOMYCIN HYDROCHLORIDE FOR INJECTION USP, 500 MG/VIAL AND 1 G/VIAL
Source text: ID:nBSE93bDRP
Further company coverage: GLEN.NS
(([email protected];))
May 18 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
GLENMARK PHARMA - LAUNCHES VANCOMYCIN HYDROCHLORIDE FOR INJECTION USP, 500 MG/VIAL AND 1 G/VIAL
Source text: ID:nBSE93bDRP
Further company coverage: GLEN.NS
(([email protected];))
April 9 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
RECEIVES U.S. FDA APPROVAL FOR PROGESTERONE VAGINAL INSERTS, 100 MG
Source text: ID:nNSE8j4qcP
Further company coverage: GLEN.NS
(([email protected];))
April 9 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
RECEIVES U.S. FDA APPROVAL FOR PROGESTERONE VAGINAL INSERTS, 100 MG
Source text: ID:nNSE8j4qcP
Further company coverage: GLEN.NS
(([email protected];))
April 1 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
GLENMARK PHARMA - TO DIRECTLY COMMERCIALIZE AND DISTRIBUTE RYALTRIS IN U.S. EFFECTIVE APRIL 1, 2026
Source text: ID:nBSE33lGVw
Further company coverage: GLEN.NS
(([email protected];))
April 1 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
GLENMARK PHARMA - TO DIRECTLY COMMERCIALIZE AND DISTRIBUTE RYALTRIS IN U.S. EFFECTIVE APRIL 1, 2026
Source text: ID:nBSE33lGVw
Further company coverage: GLEN.NS
(([email protected];))
SHANGHAI, March 25 (Reuters) - Jiangsu Hengrui Pharmaceuticals 600276.SS, China's biggest drugmaker by market value, reported fourth-quarter profit below market expectations on Wednesday, as income from business development deals has failed to appear.
The specialist in oncology, neurology, immunology, respiratory, metabolic and cardiovascular drugs has expanded licensing deals and developed more innovative drugs amid Beijing's centralised bulk buying programmes, which have squeezed generic drug revenues.
In September, Hengrui agreed to grant a paid licence for its innovative cancer drug, trastuzumab rezetecan, to the Swiss arm of India's Glenmark Pharmaceuticals GLEN.NS, with an upfront payment of $18 million under the deal.
The deal was a part of a string of new licensing agreements earlier last year with overseas drugmakers such as Merck MRK.N and Britain's GSK GSK.L.
Hengrui's revenue from innovative drug sales increased 26.09% in 2025 but revenue from generic drug slipped, it said in its annual report.
The company recorded 1.96 billion yuan ($284.10 million) in net profit attributable to shareholders for the quarter ended December 31, its annual report showed, below HSBC Qianhai Securities analysts' estimate of 2.7 billion yuan.
Net profit for the entire 2025 rose 21.69% to 7.71 billion yuan.
($1 = 6.8989 Chinese yuan renminbi)
(Reporting by Andrew Silver, Editing by Louise Heavens)
SHANGHAI, March 25 (Reuters) - Jiangsu Hengrui Pharmaceuticals 600276.SS, China's biggest drugmaker by market value, reported fourth-quarter profit below market expectations on Wednesday, as income from business development deals has failed to appear.
The specialist in oncology, neurology, immunology, respiratory, metabolic and cardiovascular drugs has expanded licensing deals and developed more innovative drugs amid Beijing's centralised bulk buying programmes, which have squeezed generic drug revenues.
In September, Hengrui agreed to grant a paid licence for its innovative cancer drug, trastuzumab rezetecan, to the Swiss arm of India's Glenmark Pharmaceuticals GLEN.NS, with an upfront payment of $18 million under the deal.
The deal was a part of a string of new licensing agreements earlier last year with overseas drugmakers such as Merck MRK.N and Britain's GSK GSK.L.
Hengrui's revenue from innovative drug sales increased 26.09% in 2025 but revenue from generic drug slipped, it said in its annual report.
The company recorded 1.96 billion yuan ($284.10 million) in net profit attributable to shareholders for the quarter ended December 31, its annual report showed, below HSBC Qianhai Securities analysts' estimate of 2.7 billion yuan.
Net profit for the entire 2025 rose 21.69% to 7.71 billion yuan.
($1 = 6.8989 Chinese yuan renminbi)
(Reporting by Andrew Silver, Editing by Louise Heavens)
March 23 (Reuters) - At least half a dozen Indian generic drugmakers launched cheaper versions of Novo Nordisk's NOVOb.CO blockbuster diabetes drug Ozempic and weight‑loss drug Wegovy over the weekend, at globally unmatched prices and slashing treatment costs by about 70%.
The patent for semaglutide, the active ingredient in Novo's drugs, expired in India last week, paving the way for drugmakers to flood the market with dozens of brands.
Analysts expect more than 40 Indian drugmakers to launch over 50 cheaper variants.
Large Indian drugmakers are racing to capture a share of the global obesity market, projected to be worth about $100 billion by the end of the decade. They are eyeing overseas markets, including Canada, Brazil, Latin America, and Turkey, for future launches.
Here is a list of Indian drugmakers that have launched generic semaglutide in recent days:
SUN PHARMACEUTICAL SUN.NS
India's largest drugmaker by revenue launched semaglutide injectable under the brand name Noveltreat for chronic weight management in five dose strengths from 0.25 mg to 2.4 mg and Sematrinity in two dose strengths for type 2 diabetes. Noveltreat is expected to cost around 900 to 2000 rupees ($9.58-$21.30) for weekly treatment, and Sematrinity will cost 750 to 1300 rupees ($7.99-$13.84), the company said.
DR REDDY'S LABORATORIES REDY.NS
The Hyderabad-based drugmaker launched semaglutide under the brand name Obeda for diabetes in 2 mg and 4 mg dose strengths in a disposable pen device format. Each pen of both strengths will deliver a minimum of four weekly doses and cost about 4200 rupees ($44.73) per month, the company said.
ZYDUS LIFESCIENCES ZYDU.NS
The company launched generic injectable semaglutide under three different brand names- Semaglyn, Mashema, and Alterme - for diabetes and obesity treatment in a reusable pen device. The average monthly cost of the treatment will be approximately 2,200 rupees ($23.43), the company said.
TORRENT PHARMACEUTICALS TORP.NS
The company launched an oral and injectable semaglutide drug under the brand names Sembolic and Semalix. The starting price for the injectable drugs would be 3,999 rupees ($42.59) per month, the company said.
GLENMARK PHARMACEUTICALS GLEN.NS
Glenmark launched injectable semaglutide, branded as GLIPIQ, in vial and pen formats for diabetes treatment. The vial is estimated to cost around 1,300 to 1,760 rupees for a month's usage. ($13.84-$18.74).
ALKEM LABORATORIES ALKE.NS
The company said its semaglutide, launched under three brand names - Semasize, Obesema, and Hepaglide - will be available in a pre-filled disposable injection pen and cost starting at 1,800 rupees ($19.17) per month.
ERIS LIFESCIENCES ERIS.NS
The company launched generic semaglutide in a vial format named 'Sundae.' The starting price for the multi-dose vials is 1,290 rupees ($13.74) per month. Eris is also in partnership with Natco Pharma NATP.NS, which has also launched its own generic semaglutide, for commercial manufacturing of the drug.
($1 = 93.9000 Indian rupees)
(Reporting by Rishika Sadam; Editing by Rashmi Aich)
(([email protected];))
March 23 (Reuters) - At least half a dozen Indian generic drugmakers launched cheaper versions of Novo Nordisk's NOVOb.CO blockbuster diabetes drug Ozempic and weight‑loss drug Wegovy over the weekend, at globally unmatched prices and slashing treatment costs by about 70%.
The patent for semaglutide, the active ingredient in Novo's drugs, expired in India last week, paving the way for drugmakers to flood the market with dozens of brands.
Analysts expect more than 40 Indian drugmakers to launch over 50 cheaper variants.
Large Indian drugmakers are racing to capture a share of the global obesity market, projected to be worth about $100 billion by the end of the decade. They are eyeing overseas markets, including Canada, Brazil, Latin America, and Turkey, for future launches.
Here is a list of Indian drugmakers that have launched generic semaglutide in recent days:
SUN PHARMACEUTICAL SUN.NS
India's largest drugmaker by revenue launched semaglutide injectable under the brand name Noveltreat for chronic weight management in five dose strengths from 0.25 mg to 2.4 mg and Sematrinity in two dose strengths for type 2 diabetes. Noveltreat is expected to cost around 900 to 2000 rupees ($9.58-$21.30) for weekly treatment, and Sematrinity will cost 750 to 1300 rupees ($7.99-$13.84), the company said.
DR REDDY'S LABORATORIES REDY.NS
The Hyderabad-based drugmaker launched semaglutide under the brand name Obeda for diabetes in 2 mg and 4 mg dose strengths in a disposable pen device format. Each pen of both strengths will deliver a minimum of four weekly doses and cost about 4200 rupees ($44.73) per month, the company said.
ZYDUS LIFESCIENCES ZYDU.NS
The company launched generic injectable semaglutide under three different brand names- Semaglyn, Mashema, and Alterme - for diabetes and obesity treatment in a reusable pen device. The average monthly cost of the treatment will be approximately 2,200 rupees ($23.43), the company said.
TORRENT PHARMACEUTICALS TORP.NS
The company launched an oral and injectable semaglutide drug under the brand names Sembolic and Semalix. The starting price for the injectable drugs would be 3,999 rupees ($42.59) per month, the company said.
GLENMARK PHARMACEUTICALS GLEN.NS
Glenmark launched injectable semaglutide, branded as GLIPIQ, in vial and pen formats for diabetes treatment. The vial is estimated to cost around 1,300 to 1,760 rupees for a month's usage. ($13.84-$18.74).
ALKEM LABORATORIES ALKE.NS
The company said its semaglutide, launched under three brand names - Semasize, Obesema, and Hepaglide - will be available in a pre-filled disposable injection pen and cost starting at 1,800 rupees ($19.17) per month.
ERIS LIFESCIENCES ERIS.NS
The company launched generic semaglutide in a vial format named 'Sundae.' The starting price for the multi-dose vials is 1,290 rupees ($13.74) per month. Eris is also in partnership with Natco Pharma NATP.NS, which has also launched its own generic semaglutide, for commercial manufacturing of the drug.
($1 = 93.9000 Indian rupees)
(Reporting by Rishika Sadam; Editing by Rashmi Aich)
(([email protected];))
March 4 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
GLENMARK SPECIALTY SA RECEIVES U.S. FDA APPROVAL FOR FLUTICASONE PROPIONATE INHALATION AEROSOL USP, 44 MCG PER ACTUATION, WITH 180-DAY COMPETITIVE GENERIC THERAPY EXCLUSIVITY
GLENMARK PHARMA - TO DISTRIBUTE FLUTICASONE PROPIONATE INHALATION AEROSOL IN U.S. STARTING MARCH 2026
Source text: ID:nPn2YYB0ka
Further company coverage: GLEN.NS
(([email protected];))
March 4 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
GLENMARK SPECIALTY SA RECEIVES U.S. FDA APPROVAL FOR FLUTICASONE PROPIONATE INHALATION AEROSOL USP, 44 MCG PER ACTUATION, WITH 180-DAY COMPETITIVE GENERIC THERAPY EXCLUSIVITY
GLENMARK PHARMA - TO DISTRIBUTE FLUTICASONE PROPIONATE INHALATION AEROSOL IN U.S. STARTING MARCH 2026
Source text: ID:nPn2YYB0ka
Further company coverage: GLEN.NS
(([email protected];))
Feb 27 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
TO LAUNCH SODIUM PHOSPHATES INJECTION IN USA
SODIUM PHOSPHATES INJECTION DISTRIBUTION TO BEGIN IN APRIL 2026
Source text: ID:nNSE1w4VMD
Further company coverage: GLEN.NS
(([email protected];;))
Feb 27 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
TO LAUNCH SODIUM PHOSPHATES INJECTION IN USA
SODIUM PHOSPHATES INJECTION DISTRIBUTION TO BEGIN IN APRIL 2026
Source text: ID:nNSE1w4VMD
Further company coverage: GLEN.NS
(([email protected];;))
Jan 30 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
GLENMARK PHARMA Q3 CONSOL NET PROFIT 4.03 BILLION RUPEES
GLENMARK PHARMA Q3 CONSOL TOTAL REVENUE FROM OPERATIONS 39.01 BILLION RUPEES
Source text: [ID:]
Further company coverage: GLEN.NS
(([email protected];))
Jan 30 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
GLENMARK PHARMA Q3 CONSOL NET PROFIT 4.03 BILLION RUPEES
GLENMARK PHARMA Q3 CONSOL TOTAL REVENUE FROM OPERATIONS 39.01 BILLION RUPEES
Source text: [ID:]
Further company coverage: GLEN.NS
(([email protected];))
AcuCort AB has signed a commercial agreement with Glenmark Pharmaceuticals Limited for the marketing and distribution of its product, Zeqmelit®, in six European countries: Germany, the Netherlands, the Czech Republic, Austria, Slovakia, and Ukraine. The agreement replaces a previous Letter of Intent and finalizes all commercial terms between the parties. Glenmark will be responsible for commercializing Zeqmelit® and submitting marketing authorization applications in these markets, with submissions expected in the second half of 2026. This agreement follows recent product launches and repeat orders in the Nordic region.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AcuCort AB published the original content used to generate this news brief on January 22, 2026, and is solely responsible for the information contained therein.
AcuCort AB has signed a commercial agreement with Glenmark Pharmaceuticals Limited for the marketing and distribution of its product, Zeqmelit®, in six European countries: Germany, the Netherlands, the Czech Republic, Austria, Slovakia, and Ukraine. The agreement replaces a previous Letter of Intent and finalizes all commercial terms between the parties. Glenmark will be responsible for commercializing Zeqmelit® and submitting marketing authorization applications in these markets, with submissions expected in the second half of 2026. This agreement follows recent product launches and repeat orders in the Nordic region.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AcuCort AB published the original content used to generate this news brief on January 22, 2026, and is solely responsible for the information contained therein.
Jiangsu Hengrui Pharmaceuticals Co., Ltd. announced it has entered into a license agreement with Glenmark Specialty S.A. regarding Trastuzumab Rezetecan. Under the terms of the agreement, Glenmark Specialty will pay royalties to Hengrui and the two parties will establish a joint product development and commercialization committee, with each appointing up to two representatives. The agreement will remain in effect until the expiration of the royalty term for Trastuzumab Rezetecan, unless terminated earlier or renewed by mutual consent. The contract is governed by the laws of Singapore. Hengrui stated it will continue to fulfill its information disclosure obligations and provide updates on the project's progress as appropriate.
Jiangsu Hengrui Pharmaceuticals Co., Ltd. announced it has entered into a license agreement with Glenmark Specialty S.A. regarding Trastuzumab Rezetecan. Under the terms of the agreement, Glenmark Specialty will pay royalties to Hengrui and the two parties will establish a joint product development and commercialization committee, with each appointing up to two representatives. The agreement will remain in effect until the expiration of the royalty term for Trastuzumab Rezetecan, unless terminated earlier or renewed by mutual consent. The contract is governed by the laws of Singapore. Hengrui stated it will continue to fulfill its information disclosure obligations and provide updates on the project's progress as appropriate.
** Shares of Glenmark Pharma GLEN.NS rise 2.8% to 2,047.3 rupees, their highest in over 3 weeks
** Drugmaker starts phase 3 trial of cancer drug Envafolimab in India after drug regulator's nod
** Company says clinical trial applications are underway in Russia, Brazil, and Mexico
** Stock rated "buy" on avg; median PT is 2,380 rupees - data compiled by LSEG
** Stock up 27.3% YTD
(Reporting by Aleef Jahan in Bengaluru)
** Shares of Glenmark Pharma GLEN.NS rise 2.8% to 2,047.3 rupees, their highest in over 3 weeks
** Drugmaker starts phase 3 trial of cancer drug Envafolimab in India after drug regulator's nod
** Company says clinical trial applications are underway in Russia, Brazil, and Mexico
** Stock rated "buy" on avg; median PT is 2,380 rupees - data compiled by LSEG
** Stock up 27.3% YTD
(Reporting by Aleef Jahan in Bengaluru)
** Shares of Glenmark Pharmaceuticals GLEN.NS up 3.5% to 1985 rupees
** HSBC Global Investment Research retains "buy" rating and PT of 2,380 rupees ($27.20) on GLEN on the back of good visibility on growth drivers
** Easing R&D spend, start of supplies from Monroe plant, U.S. FDA approval for gFlovent, pick-up in the U.S. and India businesses led by new launches are key drivers for GLEN's growth - HSBC
** Stock set to rise most in a session since July 11
** Stock has been above its 100-day, 200-day simple moving avgs since June, indicating bullish sentiment
** Avg rating of nine analysts is "buy" and median PT is 2,380 rupees, ~19% higher than current price - data compiled by LSEG
** YTD, GLEN up ~24%
($1 = 87.5060 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
** Shares of Glenmark Pharmaceuticals GLEN.NS up 3.5% to 1985 rupees
** HSBC Global Investment Research retains "buy" rating and PT of 2,380 rupees ($27.20) on GLEN on the back of good visibility on growth drivers
** Easing R&D spend, start of supplies from Monroe plant, U.S. FDA approval for gFlovent, pick-up in the U.S. and India businesses led by new launches are key drivers for GLEN's growth - HSBC
** Stock set to rise most in a session since July 11
** Stock has been above its 100-day, 200-day simple moving avgs since June, indicating bullish sentiment
** Avg rating of nine analysts is "buy" and median PT is 2,380 rupees, ~19% higher than current price - data compiled by LSEG
** YTD, GLEN up ~24%
($1 = 87.5060 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
Sept 2 (Reuters) - Glenmark Pharmaceuticals GLEN.NS:
TO LAUNCH ERIBULIN MESYLATE INJECTION IN USA
TO BEGIN DISTRIBUTION IN SEPTEMBER 2025
Source text: ID:nBSE5B7S0j
Further company coverage: GLEN.NS
(([email protected];))
Sept 2 (Reuters) - Glenmark Pharmaceuticals GLEN.NS:
TO LAUNCH ERIBULIN MESYLATE INJECTION IN USA
TO BEGIN DISTRIBUTION IN SEPTEMBER 2025
Source text: ID:nBSE5B7S0j
Further company coverage: GLEN.NS
(([email protected];))
Aug 19 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
GLENMARK PHARMACEUTICALS INC TO LAUNCH MICAFUNGIN FOR INJECTION USP
Source text: ID:nnAZN4DSC95
Further company coverage: GLEN.NS
(([email protected];;))
Aug 19 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
GLENMARK PHARMACEUTICALS INC TO LAUNCH MICAFUNGIN FOR INJECTION USP
Source text: ID:nnAZN4DSC95
Further company coverage: GLEN.NS
(([email protected];;))
** Shares of Glenmark Pharma GLEN.NS fall 1.45% to 2,014.9 rupees
** Drugmaker's Q1 consol PBT fell 9% to 4.19 bln rupees ($47.96 million), net sales down by 5% at 30.59 bln rupees hit by pricing pressure in North America and Europe
** Sales in North America slipped 0.4%, while that in Europe dropped 4% for the quarter
** Europe and Emerging markets businesses to deliver a double-digit growth from Q2 onwards, chairman says
** 9 analysts covering GLEN have a "buy" rating on average, median PT is 2,365 rupees - data compiled by LSEG
** Stock up ~25% YTD
($1 = 87.3675 Indian rupees)
(Reporting by Urvi Dugar)
** Shares of Glenmark Pharma GLEN.NS fall 1.45% to 2,014.9 rupees
** Drugmaker's Q1 consol PBT fell 9% to 4.19 bln rupees ($47.96 million), net sales down by 5% at 30.59 bln rupees hit by pricing pressure in North America and Europe
** Sales in North America slipped 0.4%, while that in Europe dropped 4% for the quarter
** Europe and Emerging markets businesses to deliver a double-digit growth from Q2 onwards, chairman says
** 9 analysts covering GLEN have a "buy" rating on average, median PT is 2,365 rupees - data compiled by LSEG
** Stock up ~25% YTD
($1 = 87.3675 Indian rupees)
(Reporting by Urvi Dugar)
Aug 14 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
APPROVES TRANSFER OF CONSUMER CARE BUSINESS TO SUBSIDIARY
BUSINESS TRANSFER VALUED AT 2.40 BILLION RUPEES
Source text: ID:nBSE9HGC1t
Further company coverage: GLEN.NS
(([email protected];))
Aug 14 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
APPROVES TRANSFER OF CONSUMER CARE BUSINESS TO SUBSIDIARY
BUSINESS TRANSFER VALUED AT 2.40 BILLION RUPEES
Source text: ID:nBSE9HGC1t
Further company coverage: GLEN.NS
(([email protected];))
Corrects to add "treatment" in headline
July 11 (Reuters) - Shares of Glenmark Pharmaceuticals GLEN.NS jumped 10% in early trade on Friday, a day after a unit of the Indian drugmaker signed an exclusive licensing deal with U.S. peer AbbVie ABBV.N for its cancer treatment.
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sonia Cheema)
(([email protected]; X: @MukherjeeHritam;))
Corrects to add "treatment" in headline
July 11 (Reuters) - Shares of Glenmark Pharmaceuticals GLEN.NS jumped 10% in early trade on Friday, a day after a unit of the Indian drugmaker signed an exclusive licensing deal with U.S. peer AbbVie ABBV.N for its cancer treatment.
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sonia Cheema)
(([email protected]; X: @MukherjeeHritam;))
July 10 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
ICHNOS GLENMARK INNOVATION (IGI) AND ABBVIE ANNOUNCE EXCLUSIVE GLOBAL LICENSING AGREEMENT
LICENSING AGREEMENT FOR ISB 2001
IGI WILL RECEIVE AN UPFRONT PAYMENT OF $700 MILLION, ELIGIBLE TO RECEIVE UP TO $1.225 BILLION
Source text: ID:nBSE3Lp8jW
Further company coverage: GLEN.NS
(([email protected];))
July 10 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
ICHNOS GLENMARK INNOVATION (IGI) AND ABBVIE ANNOUNCE EXCLUSIVE GLOBAL LICENSING AGREEMENT
LICENSING AGREEMENT FOR ISB 2001
IGI WILL RECEIVE AN UPFRONT PAYMENT OF $700 MILLION, ELIGIBLE TO RECEIVE UP TO $1.225 BILLION
Source text: ID:nBSE3Lp8jW
Further company coverage: GLEN.NS
(([email protected];))
June 18 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
U.S. FDA INSPECTION AT THE COMPANY'S FACILITY AT MONROE, NORTH CAROLINA, USA
COMPANY WAS ISSUED A FORM 483 WITH FIVE OBSERVATIONS BY USFDA
OBSERVATIONS ARE PROCEDURAL IN NATURE
THERE WAS NO OBSERVATION RELATED TO DATA INTEGRITY REPORTED
Source text: [ID:]
Further company coverage: GLEN.NS
(([email protected];;))
June 18 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
U.S. FDA INSPECTION AT THE COMPANY'S FACILITY AT MONROE, NORTH CAROLINA, USA
COMPANY WAS ISSUED A FORM 483 WITH FIVE OBSERVATIONS BY USFDA
OBSERVATIONS ARE PROCEDURAL IN NATURE
THERE WAS NO OBSERVATION RELATED TO DATA INTEGRITY REPORTED
Source text: [ID:]
Further company coverage: GLEN.NS
(([email protected];;))
AcuCort AB has announced a significant milestone in its expansion strategy by signing a Letter of Intent (LOI) with Glenmark Pharmaceuticals. This agreement focuses on the distribution and marketing of AcuCort's product, Zeqmelit®, in six European countries, including Germany, the Netherlands, the Czech Republic, Austria, Slovakia, and Ukraine. Glenmark Pharmaceuticals, known for its extensive operations across over 80 countries, will handle the commercialization efforts in these regions. The collaboration covers a population of over 160 million people, highlighting the substantial commercial potential for Zeqmelit® in these markets. Following successful launches in the Nordic region, AcuCort aims to leverage this partnership as a springboard for further expansion. The parties plan to finalize negotiations and formalize the commercial agreement by 2025.
AcuCort AB has announced a significant milestone in its expansion strategy by signing a Letter of Intent (LOI) with Glenmark Pharmaceuticals. This agreement focuses on the distribution and marketing of AcuCort's product, Zeqmelit®, in six European countries, including Germany, the Netherlands, the Czech Republic, Austria, Slovakia, and Ukraine. Glenmark Pharmaceuticals, known for its extensive operations across over 80 countries, will handle the commercialization efforts in these regions. The collaboration covers a population of over 160 million people, highlighting the substantial commercial potential for Zeqmelit® in these markets. Following successful launches in the Nordic region, AcuCort aims to leverage this partnership as a springboard for further expansion. The parties plan to finalize negotiations and formalize the commercial agreement by 2025.
June 9 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
TO LAUNCH DCGI-APPROVED ZANUBRUTINIB IN INDIA
ZANUBRUTINIB TO BE MARKETED AS BRUKINSA IN INDIA
Source text: ID:nBSE95v3F3
Further company coverage: GLEN.NS
(([email protected];;))
June 9 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
TO LAUNCH DCGI-APPROVED ZANUBRUTINIB IN INDIA
ZANUBRUTINIB TO BE MARKETED AS BRUKINSA IN INDIA
Source text: ID:nBSE95v3F3
Further company coverage: GLEN.NS
(([email protected];;))
May 12 (Reuters) - Indian pharmaceutical stocks .NIPHARM shed 1.3% on Monday, even as the broader markets rose, after U.S. President Donald Trump said he would sign an executive order to cut prescription prices to the level paid by other high-income countries, an amount he put at 30% to 80% less.
Eight of the 20 stocks on the pharmaceutical sub-index were in the red, while the benchmark Nifty 50 index .NSEI was trading 2.4% higher.
Sun Pharma, India's top drugmaker by revenue, dropped 5.4% to be the top loser on the Nifty 50 and the pharma index. Glenmark Pharma GLEN.NS and Cipla CIPL.NS declined 0.4% and 1.5%, respectively.
Trump said he would sign the executive order on Monday morning to pursue what is known as "most favored nation" pricing or international reference pricing.
The U.S. pays the most in the world for many prescription drugs, often nearly triple that of other developed nations. Trump has said he wants to close that spread, but has not publicly specified how and did not provide details.
Several Indian drugmakers get a significant chunk of their revenue from North America by selling cheaper versions of the latest drugs.
The U.S. imports nearly a third of Indian pharma products sold overseas.
India's pharma exports to the U.S. jumped 16% to about $9 billion last fiscal year, according to data from government-backed trade body Pharmexcil.
(Reporting by Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected]; 8800437922;))
May 12 (Reuters) - Indian pharmaceutical stocks .NIPHARM shed 1.3% on Monday, even as the broader markets rose, after U.S. President Donald Trump said he would sign an executive order to cut prescription prices to the level paid by other high-income countries, an amount he put at 30% to 80% less.
Eight of the 20 stocks on the pharmaceutical sub-index were in the red, while the benchmark Nifty 50 index .NSEI was trading 2.4% higher.
Sun Pharma, India's top drugmaker by revenue, dropped 5.4% to be the top loser on the Nifty 50 and the pharma index. Glenmark Pharma GLEN.NS and Cipla CIPL.NS declined 0.4% and 1.5%, respectively.
Trump said he would sign the executive order on Monday morning to pursue what is known as "most favored nation" pricing or international reference pricing.
The U.S. pays the most in the world for many prescription drugs, often nearly triple that of other developed nations. Trump has said he wants to close that spread, but has not publicly specified how and did not provide details.
Several Indian drugmakers get a significant chunk of their revenue from North America by selling cheaper versions of the latest drugs.
The U.S. imports nearly a third of Indian pharma products sold overseas.
India's pharma exports to the U.S. jumped 16% to about $9 billion last fiscal year, according to data from government-backed trade body Pharmexcil.
(Reporting by Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected]; 8800437922;))
May 5 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
GLENMARK PHARMACEUTICALS LTD - IGI RECEIVES FDA FAST TRACK DESIGNATION FOR ISB 2001
Source text: ID:nBSE1SYXkx
Further company coverage: GLEN.NS
(([email protected];;))
May 5 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
GLENMARK PHARMACEUTICALS LTD - IGI RECEIVES FDA FAST TRACK DESIGNATION FOR ISB 2001
Source text: ID:nBSE1SYXkx
Further company coverage: GLEN.NS
(([email protected];;))
April 29 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
CLAIRIFIES REPORT ABOUT CDSCO FLAGGING DRUGS
PRODUCTS REFERRED TO IN REPORT SPURIOUS; NOT MADE BY CO
Source text: ID:nnAZN3RNEEN
Further company coverage: GLEN.NS
(([email protected];;))
April 29 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
CLAIRIFIES REPORT ABOUT CDSCO FLAGGING DRUGS
PRODUCTS REFERRED TO IN REPORT SPURIOUS; NOT MADE BY CO
Source text: ID:nnAZN3RNEEN
Further company coverage: GLEN.NS
(([email protected];;))
April 16 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
GLENMARK PHARMA - GLENMARK PHARMACEUTICALS INC., USA TO LAUNCH DEXTROAMPHETAMINE SACCHARATE TABLETS
GLENMARK PHARMA-GLENMARK PHARMA INC TO LAUNCH MIXED SALTS OF SINGLE ENTITY AMPHETAMINE PRODUCT TABLETS
Further company coverage: GLEN.NS
(([email protected];))
April 16 (Reuters) - Glenmark Pharmaceuticals Ltd GLEN.NS:
GLENMARK PHARMA - GLENMARK PHARMACEUTICALS INC., USA TO LAUNCH DEXTROAMPHETAMINE SACCHARATE TABLETS
GLENMARK PHARMA-GLENMARK PHARMA INC TO LAUNCH MIXED SALTS OF SINGLE ENTITY AMPHETAMINE PRODUCT TABLETS
Further company coverage: GLEN.NS
(([email protected];))
April 9 (Reuters) - Indian pharmaceutical stocks .NIPHARM fell 1.7% on Wednesday after U.S. President Donald Trump reiterated plans to announce a "major" tariff on all pharmaceutical imports.
U.S. accounts for a third of India's overall pharma exports.
Trump also threatened the duties on Friday, after his first set of reciprocal tariffs earlier last week exempted pharma products -- a change in stance that had prompted a wild swing in pharma stocks.
On the day, all twenty constituents of the pharma index were lower, with the index dragging down the benchmark Nifty 50 .NSEI by about 0.52% as of 9:20 a.m. IST.
Gland Pharma GLAD.NS, Lupin LUPN.NS and Zydus Lifesciences ZYDU.NS were the top losers by percentage, down between 3% and 5%.
Sun Pharma SUN.NS and Cipla CIPL.NS, the top constituents by weight, fell 1.69% and 1.87%, respectively.
India's pharma exports to the U.S. mostly comprise generics, or cheaper versions of popular drugs. These currently attract almost no U.S. levies, while India imposes about 10% tax on U.S. pharma imports, according to industry experts.
The pharma index has fallen 14.4% this year.
(Reporting by Kashish Tandon and Ananta Agarwal in Bengaluru; Editing by Savio D'Souza)
(([email protected];))
April 9 (Reuters) - Indian pharmaceutical stocks .NIPHARM fell 1.7% on Wednesday after U.S. President Donald Trump reiterated plans to announce a "major" tariff on all pharmaceutical imports.
U.S. accounts for a third of India's overall pharma exports.
Trump also threatened the duties on Friday, after his first set of reciprocal tariffs earlier last week exempted pharma products -- a change in stance that had prompted a wild swing in pharma stocks.
On the day, all twenty constituents of the pharma index were lower, with the index dragging down the benchmark Nifty 50 .NSEI by about 0.52% as of 9:20 a.m. IST.
Gland Pharma GLAD.NS, Lupin LUPN.NS and Zydus Lifesciences ZYDU.NS were the top losers by percentage, down between 3% and 5%.
Sun Pharma SUN.NS and Cipla CIPL.NS, the top constituents by weight, fell 1.69% and 1.87%, respectively.
India's pharma exports to the U.S. mostly comprise generics, or cheaper versions of popular drugs. These currently attract almost no U.S. levies, while India imposes about 10% tax on U.S. pharma imports, according to industry experts.
The pharma index has fallen 14.4% this year.
(Reporting by Kashish Tandon and Ananta Agarwal in Bengaluru; Editing by Savio D'Souza)
(([email protected];))
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What does Glenmark Pharma. do?
Glenmark Pharmaceuticals is a research-led, global pharmaceutical company, having a presence across Branded, Generics, and OTC segments; with a focus on therapeutic areas of respiratory, dermatology and oncology. The Company is primarily engaged in the business of development, manufacturing and marketing of pharmaceutical products.
Who are the competitors of Glenmark Pharma.?
Glenmark Pharma. major competitors are Alkem Laboratories, Abbott India, Ipca Laboratories, Ajanta Pharma, Glaxosmithkline Phar, Gland Pharma, JB Chem & Pharma. Market Cap of Glenmark Pharma. is ₹60,890 Crs. While the median market cap of its peers are ₹41,813 Crs.
Is Glenmark Pharma. financially stable compared to its competitors?
Glenmark Pharma. seems to be less financially stable compared to its competitors. Altman Z score of Glenmark Pharma. is 6.36 and is ranked 8 out of its 8 competitors.
Does Glenmark Pharma. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Glenmark Pharma. latest dividend payout ratio is 6.74% and 3yr average dividend payout ratio is 15.23%
How has Glenmark Pharma. allocated its funds?
Companies resources are allocated to majorly unproductive assets like Inventory, Accounts Receivable
How strong is Glenmark Pharma. balance sheet?
Balance sheet of Glenmark Pharma. is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Glenmark Pharma. improving?
Yes, profit is increasing. The profit of Glenmark Pharma. is ₹1,362 Crs for TTM, ₹1,047 Crs for Mar 2025 and -₹1,501.67 Crs for Mar 2024.
Is the debt of Glenmark Pharma. increasing or decreasing?
Yes, The net debt of Glenmark Pharma. is increasing. Latest net debt of Glenmark Pharma. is -₹1,176.26 Crs as of Mar-26. This is greater than Mar-25 when it was -₹1,215.19 Crs.
Is Glenmark Pharma. stock expensive?
Glenmark Pharma. is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of Glenmark Pharma. is 44.71, while 3 year average PE is 26.02. Also latest EV/EBITDA of Glenmark Pharma. is 13.06 while 3yr average is 15.45.
Has the share price of Glenmark Pharma. grown faster than its competition?
Glenmark Pharma. has given better returns compared to its competitors. Glenmark Pharma. has grown at ~27.22% over the last 5yrs while peers have grown at a median rate of 10.83%
Is the promoter bullish about Glenmark Pharma.?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Glenmark Pharma. is 46.65% and last quarter promoter holding is 46.65%.
Are mutual funds buying/selling Glenmark Pharma.?
The mutual fund holding of Glenmark Pharma. is decreasing. The current mutual fund holding in Glenmark Pharma. is 16.8% while previous quarter holding is 17.86%.