Glenmark gains on unveiling Strategic Blueprint on innovative NME

19 Dec 2016 Evaluate

Glenmark Pharmaceuticals is currently trading at Rs 939.50, up by 10.10 points or 1.09% from its previous closing of Rs 929.40 on the BSE.

The scrip opened at Rs 948.00 and has touched a high and low of Rs 953.45 and Rs 930.50 respectively. So far 78,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs. 993.00 on 01-Nov-2016 and a 52 week low of Rs 671.50 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs 954.00 and Rs 894.10 respectively. The current market cap of the company is Rs 26566 crore.

The promoters holding in the company stood at 46.49%, while Institutions and Non-Institutions held 41.61% and 11.91% respectively.

Glenmark Pharmaceuticals (GPL), has unveiled its Strategic Blueprint to transition into an Innovation?led Global Pharmaceutical Organization over the next decade. The Blueprint conveys the company’s greater business alignment expanding generics to prioritizing research and development efforts in three key therapeutic areas: oncology, respiratory and dermatology.

The innovative oncology pipeline, with candidates targeting multiple tumors, is the top priority with the greater promise to deliver novel, first?in?class molecules and help company evolve into a fully commercialized, innovation?led pharmaceutical company. The strategic blueprint also outlines aggressive plans to increase company’s presence worldwide by strengthening focus on complex generics including injectables, expanding its manufacturing footprint (growing from two formulation facilities to 17).

Glenmark’s current portfolio consists of 109 products authorized for distribution in the US marketplace and 62 ANDA’s pending approval with the US FDA. 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.

Glenmark Pharma Share Price

1162.00 7.05 (0.61%)
31-May-2024 16:01 View Price Chart
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