Glenmark Pharmaceuticals is currently trading at Rs. 739.85, up by 11.25 points or 1.54% from its previous closing of Rs. 728.60 on the BSE.
The scrip opened at Rs. 733.90 and has touched a high and low of Rs. 743.40 and Rs. 732.10 respectively. So far 15544 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 789.40 on 09-Sep-2014 and a 52 week low of Rs. 489.10 on 27-Nov-2013.
Last one week high and low of the scrip stood at Rs. 743.40 and Rs. 701.55 respectively. The current market cap of the company is Rs. 20137.14 crore.
The promoters holding in the company stood at 48.31% while Institutions and Non-Institutions held 40.96% and 10.73% respectively.
Glenmark Generics Inc., USA (GGI) the subsidiary of Glenmark Generics has been granted final approval for its abbreviated new drug application (ANDA) from the United States Food and Drug Administration (USFDA) for Omeprazole Delayed Release Capsules, their generic version of Prilosec by AstraZeneca.
Omeprazole DR Capsules are indicated for the short-term treatment of active duodenal ulcer in adults. The approval is for the 10, 20, and 40mg strengths of Omeprazole. According to IMS Health sales data for the 12 month period ending September 2014, Omeprazole garnered annual sales of approximately $520 million.
Glenmark’s current portfolio consists of 94 products authorized for distribution in the US marketplace and 72 ANDA’s pending approval with the USFDA. In addition to these internal filings, GGI continues to identify and explore external development partnerships to supplement and accelerate the growth of the existing pipeline and portfolio.
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