Glenmark Pharmaceuticals is looking at flat to low single-digit growth in the US for FY23 compared to FY22, amid challenges of price erosion and unpredictable product approval by the USFDA.
The company's North American business, including the US, recorded a revenue of Rs 662.8 crore in April-June 2022 as compared to Rs 787.8 crore in the year-ago period, down 15.9 percent. It accounted for 23.9 percent of consolidated sales in the quarter.
Glenmark Pharmaceuticals is a global research-led pharmaceutical company with presence across Generics, Specialty and OTC business with operations in over 50 countries.