Glenmark Pharmaceuticals rises on launching TEVIMBRA in India
Glenmark Pharmaceuticals is currently trading at Rs. 1695.00, up by 8.90 points or 0.53% from its previous closing of Rs. 1686.10 on the BSE.
The scrip opened at Rs. 1698.00 and has touched a high and low of Rs. 1703.15 and Rs. 1675.20 respectively. So far 18017 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1830.05 on 15-Oct-2024 and a 52 week low of Rs. 1199.95 on 26-Jun-2024.
Last one week high and low of the scrip stood at Rs. 1708.40 and Rs. 1612.30 respectively. The current market cap of the company is Rs. 47735.68 crore.
The promoters holding in the company stood at 46.65%, while Institutions and Non-Institutions held 37.80% and 15.56% respectively.
Glenmark Pharmaceuticals has launched TEVIMBRA (tislelizumab) in India following the approval by Central Drugs Standard Control Organization (CDSCO). TEVIMBRA is a uniquely designed anti-PD-1 monoclonal antibody developed by BeiGene (now BeOne Medicines), a global oncology leader committed to delivering advanced treatments for cancer patients worldwide. It is indicated for the treatment of first-line locally advanced or metastatic non-small cell lung cancer (NSCLC) in combination with chemotherapy and second-line treatment of locally advanced or metastatic NSCLC and esophageal squamous cell carcinoma (ESCC) as monotherapy.
This launch marks Glenmark’s first foray into immune-oncology in India and is a major milestone in expanding its innovative oncology portfolio. NSCLC is the most common type of lung cancer, representing over 80% of all lung cancer cases. Similarly, ESCC is the most common histological subtype of esophageal cancer in India. TEVIMBRA caters to the needs of this significant patient population by offering a differentiated and proven treatment option for these cancers.
TEVIMBRA is approved and marketed in multiple leading global markets including the United States, European Union, Australia and China. Designed to selectively bind to PD-1 receptors, TEVIMBRA restores T-cell function while minimizing off-target immune suppression and has demonstrated robust efficacy with a favorable safety profile across diverse solid tumor types in multiple pivotal Phase 3 studies and through a comprehensive global clinical development program.
Glenmark Pharmaceuticals is a global research-led pharmaceutical company with presence across Generics, Specialty and OTC business with operations in over 50 countries.
