SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Glenmark Pharma soars as its arm concludes pricing investigation by Texas Attorney General

08 Apr 2015 Evaluate

Glenmark Pharmaceuticals is currently trading at Rs. 889.90, up by 45.50 points or 5.39% from its previous closing of Rs. 844.40 on the BSE.

The scrip opened at Rs. 878.50 and has touched a high and low of Rs. 892.00 and Rs. 871.15 respectively. So far 107849 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 892.00 on 08-Apr-2015 and a 52 week low of Rs. 510.00 on 19-May-2014.

Last one week high and low of the scrip stood at Rs. 892.00 and Rs. 783.00 respectively. The current market cap of the company is Rs. 22908.11 crore.

The promoters holding in the company stood at 48.31% while Institutions and Non-Institutions held 41.03% and 10.66% respectively.

Glenmark Pharmaceuticals’ subsidiary Glenmark Generics Inc., USA has concluded the pricing investigation by the Texas Attorney General, USA. Under the terms of the agreed settlement, there is no admission of liability. Glenmark Generics will make a payment in 16 equal payments of $1.56 million each quarter for the next 16 quarters to the state of Texas. The settlement amount will not materially impact the organization’s cash flow.

Under the settlement agreement, Glenmark must pay the State of Texas a total of $11.25 million for the State’s general revenue fund. Because the Medicaid program is jointly funded by the state and US taxpayers, the federal government is entitled to a percentage of the settlement proceeds. The federal government’s share is also $11.25 million. Additionally, the Texas Attorney General's Office will receive $2.5 million in attorneys’ fees and costs.

Glenmark’s current portfolio consists of 96 products authorized for distribution in the U.S. marketplace and 69 ANDA's pending approval with the US FDA. 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.

Glenmark Pharma Share Price

2247.90 -1.65 (-0.07%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1675.20
Dr. Reddys Lab 1235.40
Cipla 1238.30
Zydus Lifesciences 942.55
Lupin 2324.25
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×