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Glenmark Pharmaceuticals’ arm completes Phase I trial of GRC 15300

25 Jul 2011 Evaluate

Glenmark Pharmaceuticals’ subsidiary - Glenmark Pharmaceuticals SA (GPSA) has successfully completed the Phase I trial of GRC 15300, a first-in-class TRPV3 inhibitor for treatment of pain.

GRC 15300 is an inhibitor of the TRPV3 (transient receptor potential cation channel, subfamily V, member 3). This is the first TRPV3 inhibitor which entered clinical trials. Glenmark has completed phase I dosing and analysis of the study data of GRC 15300 in the UK and the drug has been well tolerated with a good pharmacokinetic profile.

Glenmark Pharmaceuticals registered growth of 65.17% in its net profit after tax for the year ended March 31, 2011 at Rs 212.18 crore as compared to Rs 128.46 crore for the previous year. Its total income has increased by 19.43% at Rs 1185.02 crore for the year under review from Rs 992.22 crore in previous year.

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