Glenmark inches up on getting USFDA`s final approval for Brimonidine Tartrate and Timolol Maleate Ophthalmic Solution
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Glenmark Pharmaceuticals is currently trading at Rs. 1009.80, up by 3.65 points or 0.36% from its previous closing of Rs. 1006.15 on the BSE.
The scrip opened at Rs. 1006.20 and has touched a high and low of Rs. 1020.45 and Rs. 1005.70 respectively. So far 678 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1098.00 on 29-Apr-2024 and a 52 week low of Rs. 581.20 on 22-May-2023.
Last one week high and low of the scrip stood at Rs. 1039.95 and Rs. 985.60 respectively. The current market cap of the company is Rs. 28392.36 crore.
The promoters holding in the company stood at 46.64%, while Institutions and Non-Institutions held 34.78% and 18.58% respectively.
Glenmark Pharmaceuticals has received final approval by the United States Food & Drug Administration (USFDA) for Brimonidine Tartrate and Timolol Maleate Ophthalmic Solution, 0.2,0.5%. Glenmark’s Brimonidine Tartrate and Timolol Maleate Ophthalmic Solution, 0.2%,0.5% has been determined by the FDA to be bioequivalent and therapeutically equivalent to Combigan Ophthalmic Solution, 0.2%,0.5%, of AbbVie, Inc., and will be distributed in the U.S. by Glenmark Pharmaceuticals Inc., USA.
According to IQVIATM sales data for the 12-month period ending March 2024, the Combigan Ophthalmic Solution, 0.2%,0.5% market achieved annual sales of approximately $290.0 million
Glenmark’s current portfolio consists of 196 products authorized for distribution in the U.S. marketplace and 51 ANDA’s pending approval with the USFDA. 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.
