Glenmark Pharma trades higher as its arm acquires approved ANDAs for OTC portfolio from Wockhardt
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Glenmark Pharmaceuticals is currently trading at Rs. 386.95, up by 0.50 points or 0.13% from its previous closing of Rs. 386.45 on the BSE.
The scrip opened at Rs. 385.00 and has touched a high and low of Rs. 387.55 and Rs. 379.15 respectively. So far 19602 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 690.60 on 19-Jul-2021 and a 52 week low of Rs. 348.90 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 391.10 and Rs. 351.40 respectively. The current market cap of the company is Rs. 10874.76 crore.
The promoters holding in the company stood at 46.65%, while Institutions and Non-Institutions held 35.08% and 18.27% respectively.
Glenmark Pharmaceuticals’ fully owned subsidiary -- Glenmark Pharmaceuticals Inc., USA (Glenmark) has acquired the approved Abbreviated New Drug Applications (ANDAs) for Famotidine Tablets USP, 10 mg and 20 mg (OTC), Cetirizine Hydrochloride Tablets USP, 5 mg and 10 mg (OTC), Lansoprazole Delayed-Release Capsules USP, 15 mg (OTC) and Olopatadine Hydrochloride Ophthalmic Solution USP, 0.1% (OTC) in the United States from Wockhardt.
Glenmark’s current portfolio consists of 175 products authorized for distribution in the U.S. marketplace and 48 ANDAs pending approval with the U.S.FDA. In addition to these internal filings, Glenmark continues to identify and explore external development partnerships to supplement and accelerate the growth of its existing pipeline and portfolio.
Glenmark Pharmaceuticals is a global research-led pharmaceutical company with presence across Generics, Specialty and OTC business with operations in over 50 countries.
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