Glenmark surges after its arm inks distribution, license agreements with Cosmo for Winlevi

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

27 Sep 2023 Evaluate

Glenmark Pharmaceuticals is currently trading at Rs. 777.75, up by 15.20 points or 1.99% from its previous closing of Rs. 762.55 on the BSE.

The scrip opened at Rs. 753.80 and has touched a high and low of Rs. 778.00 and Rs. 753.80 respectively. So far 30347 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 879.15 on 21-Sep-2023 and a 52 week low of Rs. 363.80 on 27-Sep-2022.

Last one week high and low of the scrip stood at Rs. 879.15 and Rs. 753.80 respectively. The current market cap of the company is Rs. 21787.61 crore.

The promoters holding in the company stood at 46.65%, while Institutions and Non-Institutions held 34.67% and 18.69% respectively.

Glenmark Pharmaceuticals’ subsidiary -- Glenmark Specialty S.A. and Cosmo Pharmaceuticals N.V. have signed distribution and license agreements for Winlevi (clascoterone cream 1%) in Europe and South Africa. Under the terms of the agreements, Glenmark will receive from Cassiopea, a subsidiary of Cosmo, the exclusive right to commercialize Winlevi in 15 EU countries (Bulgaria, the Czech Republic, Denmark, Finland, France, Hungary, Iceland, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Spain and Sweden) as well as in South Africa and the UK.

Cassiopea shall be responsible for the Centralized Marketing Authorization at the European Medicines Agency (EMA), and Glenmark will be responsible for the registration of the product in South Africa and in the UK. Cosmo will be the exclusive supplier of the product. Cassiopea will receive an upfront payment of $5 million, further double-digit regulatory and sales milestones and agreed double-digit royalties on net sales.

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

2364.35 -6.70 (-0.28%)

08-May-2026 16:59 View Price Chart

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