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Glenmark Pharmaceuticals executes agreement to transfer its API business

10 Oct 2018 Evaluate

Glenmark Pharmaceuticals has executed business purchase agreement for transfer of the company's API business to its wholly owned subsidiary -- Glenmark Life Sciences on October 9, 2018. The transaction is expected to be completed in the next 2-3 months.

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).

Peers
Company Name CMP
Sun Pharma. Inds. 1752.50
Dr. Reddys Labs. 1180.00
Cipla 1305.00
Lupin 1942.00
Zydus Lifesciences 1115.20
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