noscript

News Hot Pursuit

 
Glenmark Pharma gains after USFDA approval
15-Mar-19   11:07 Hrs IST
The announcement was made during trading hours today, 15 March 2019.

Meanwhile, the S&P BSE Sensex was up 245.07 points, or 0.65% to 37,999.96.

On the BSE, 26,000 shares were traded in the counter so far compared with average daily volumes of 1.51 lakh shares in the past two weeks. The stock had hit a high of Rs 651.50 and a low of Rs 634.80 so far during the day. The stock hit a 52-week high of Rs 711.55 on 10 September 2018. The stock hit a 52-week low of Rs 483.60 on 30 May 2018.

Glenmark Pharmaceuticals Inc., USA (Glenmark) has been granted final approval by the United States Food & Drug Administration (USFDA) for clindamycin and benzoyl peroxide gel, 1% / 5%, a generic version of BenzaClin Gel, 1% / 5%, of Valeant Bermuda.

According to IQVIA sales data for the 12 month period ending January 2019, the BenzaClin Gel, 1% / 5% market achieved annual sales of approximately $99.4 million.

Glenmark's current portfolio consists of 151 products authorized for distribution in the US marketplace and 53 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.

On a consolidated basis, Glenmark Pharmaceuticals' net profit rose 11.08% to Rs 116.34 crore on 15.58% increase in net sales to Rs 2509.78 crore in Q3 December 2018 over Q3 December 2017.

Glenmark Pharmaceuticals (GPL) is a research-driven, global, integrated pharmaceutical organisation.

Powered by Capital Market - Live News

Attention Investors:
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc), you need not undergo the same process again when you approach another intermediary. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. Prevent Unauthorized Transactions in your Demat account\Trading account: Update your Mobile Number with your Depository Participant\Exchange. Receive alerts on your Registered Mobile for all debit and other important transactions in your Demat account\Trading account directly from Depository\Exchange on the same day.........issued in the interest of investors.
Disclosure of Proprietary Account Trading by Members to Clients
Proprietary Trading Disclosure:In terms of provisions of the Rules, Bye-Laws and Business Rules of the Exchange and with reference to circular MCX/T&S/147/2016 dated May 17, 2016 regarding Disclosure of Proprietary Account Trading by broker to client.,Pursuant to SEBI Circular Number SEBI/MRD/SEC/Cir-42/2003 dated November 19, 2003 & SEBI/HO/CDMRD/DMP/CIR/P/2016/49 dated April 25, 2016 GOODWILL WEALTH MANAGEMENT PVT LTD, GOODWILL COMTRADES PVT LTD. Discloses to its clients about its policies on proprietary trades. Goodwill does proprietary trading in the derivatives segment at MCX respectively.GOODWILL – SEBI Reg No. INZ000049087
Copyright © 2016 All rights Reserved GOODWILL
Designed, Developed and content powered by CMOTS Infotech ( ISO 9001:2015 certified )