Glenmark Pharma rises on getting approval from USFDA for Colesevelam Hydrochloride

Glenmark Pharmaceuticals Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 532296 | NSE: GLENMARK

17 Jul 2018 Evaluate

Glenmark Pharmaceuticals is currently trading at Rs. 558.60, up by 7.00 points or 1.27% from its previous closing of Rs. 551.60 on the BSE.

The scrip opened at Rs. 555.10 and has touched a high and low of Rs. 560.20 and Rs. 553.00 respectively. So far 7308 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 748.00 on 28-Jul-2017 and a 52 week low of Rs. 483.60 on 30-May-2018.

Last one week high and low of the scrip stood at Rs. 594.30 and Rs. 545.10 respectively. The current market cap of the company is Rs. 15564.40 crore.

The promoters holding in the company stood at 46.54%, while Institutions and Non-Institutions held 37.37% and 16.10% respectively.

Glenmark Pharmaceuticals, USA (Glenmark) has been granted final approval by the United States Food & Drug Administration (USFDA) for Colesevelam Hydrochloride for Oral Suspension, 1.875 grams/Packet and 3.75 grams/Packet, the generic version of Welchol for Oral Suspension, 1.875 grams/Packet and 3.75 grams/Packet, of Daiichi Sankyo Inc.

According to IQVIA sales data for the 12 month period ending May 2018, Welchol for Oral Suspension, 1.875 grams/Packet and 3.75 grams/Packet achieved annual sales of approximately $73.0 million.

The company’s current portfolio consists of 138 products authorized for distribution in the US marketplace and 62 ANDA’s pending approval with the USFDA.

Glenmark Pharmaceuticals is a global pharmaceutical company. The company is engaged in the development of new chemical entities (NCEs) and new biological entities (NBEs). Its segments are India, United States, Latin America, Europe and Rest of the World (ROW).

Glenmark Pharma Share Price

2373.80 0.05 (0.00%)

07-May-2026 14:47 View Price Chart

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