Glenmark Pharmaceuticals jumps on reaching settlement agreement with Pfizer for Axitinib Tablets

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

22 Nov 2022 Evaluate

Glenmark Pharmaceuticals is currently trading at Rs. 419.60, up by 8.05 points or 1.96% from its previous closing of Rs. 411.55 on the BSE.

The scrip opened at Rs. 412.05 and has touched a high and low of Rs. 420.55 and Rs. 412.05 respectively. So far 12439 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 551.50 on 26-Nov-2021 and a 52 week low of Rs. 348.90 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 436.50 and Rs. 405.90 respectively. The current market cap of the company is Rs. 11800.27 crore.

The promoters holding in the company stood at 46.65%, while Institutions and Non-Institutions held 34.08% and 19.27% respectively.

Glenmark Pharmaceuticals Inc., USA (Glenmark) and Glenmark Pharmaceuticals have reached a settlement agreement with Pfizer Inc., PF Prism C.V., and PF Prism IMB B.V. (Pfizer) for Axitinib Tablets, 1 mg and 5 mg, the generic version of their Inlyta Tablets, 1 mg and 5 mg. Glenmark had received tentative approval by the United States Food & Drug Administration (USFDA) fortheir generic Axitinib Tablets, 1 mg and 5 mg on November 30, 2020.

According to IQVIATM sales data for the 12?month period ending September 2022, the Inlyta Tablets, 1 mg and 5 mg market achieved annual sales of approximately $644.5 million.

Glenmark’s current portfolio consists of 177 products authorized for distribution in the U.S. marketplace and 47 ANDA’s pending approval with the U.S. FDA. In addition to these internal filings, Glenmark continues to identify and explore external development partnerships to supplement and accelerate the growth of its existing pipeline and portfolio.

Glenmark Pharmaceuticals is a global research-led pharmaceutical company with presence across Generics, Specialty and OTC business with operations in over 50 countries.

Glenmark Pharma Share Price

2371.20 -2.55 (-0.11%)

07-May-2026 13:37 View Price Chart

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