Glenmark Pharmaceuticals is currently trading at Rs. 658.95, up by 7.05 points or 1.08% from its previous closing of Rs. 651.90 on the BSE.
The scrip opened at Rs. 650.00 and has touched a high and low of Rs 659.35 and Rs. 648.65 respectively. So far 5148 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 711.55 on 10-Sep-2018 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. 674.75 and Rs. 646.15 respectively. The current market cap of the company is Rs. 18562.43 crore.
The promoters holding in the company stood at 46.54%, while Institutions and Non-Institutions held 38.19% and 15.28% respectively.
Glenmark Pharmaceuticals' Suisse subsidiary, Glenmark Specialty S.A., has entered into an exclusive licensing agreement with Yuhan Corporation for commercializing its novel nasal spray Ryaltris in South Korea.
Ryaltris olopatadine hydrochloride (665 mcg) and mometasone furoate (25 mcg), developed by Glenmark, is a novel, investigational, fixed?dose combination nasal spray of an anti?histamine and a steroid, indicated for treatment of symptoms associated with seasonal allergic rhinitis (SAR) in patients over 12 years of age.
Under the terms of the agreement, Glenmark will be responsible for manufacturing and supply of the product, while Yuhan will be responsible for regulatory filing and commercialization of Ryaltris in South Korea. Glenmark will receive an upfront payment, regulatory and commercial milestone payments as well as royalties from Yuhan.
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).
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