Glenmark Pharmaceuticals is looking to out-license at least one molecule in fiscal 2010, probably Melogliptin. It is renegotiating a deal for the diabetes drug and is seeking a tie-up for anti-asthma drug Oglemilast for the European market. It is also looking to outlicense phase 2-b trials Oglemilast.
Outlicensing of Melogliptin and launch of Crofelmer (for HIV-related diarrhoea), which is a phase 3 candidate, are focus areas for Glenmark. A successful launch of Crofelmer can add $20-25 million annually to the company's net profit.
Meanwhile, Glenmark expects to launch Crofelmer across the world by the end of the next fiscal. The company is expecting sales of $80 million in the next 2-3 years as it will price the product at a premium to the currently available treatment options.
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