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Glenmark Pharma > Company History > Pharmaceuticals > Company History of Glenmark Pharma - BSE: 532296, NSE: GLENMARK

Glenmark Pharma

BSE: 532296|NSE: GLENMARK|ISIN: INE935A01035|SECTOR: Pharmaceuticals
Feb 27, 11:40
-4.3 (-1.45%)
VOLUME 32,418
Feb 27, 11:41
-4.15 (-1.4%)
VOLUME 955,894
Company History - Glenmark Pharma
 - The Company was incorporated on 18th, November, as Glenmark
 Pharmaceuticals Private Limited under the Companies Act, 1956, and
 became a deemed Public Company on July 1, 1990, then again became a
 private Company on September 27, 1990, the word Private was deleted
 on July 1, 1991 and became a Public Limited Company on January 12,
 - The Company is engaged in Research & Development, manufacturing and
 marketing of Pharmaceutical Formulations, domestically as well as
 overseas.  The Company has two brands i.e. Ascoril Expectorant and
 Candid-B among the ORG top 300 leading Pharmaceutical brands in
 - The Company has a manufacturing facility at Satpur, Nasik.  Besides
 manufacturing Oral Tablets, Liquids and Capsules it also equipped to
 manufacture Topicals - Creams, Lotions, Ointments and Powders.  The
 plant has been awarded the WHO GMP Certificate indicative of the 
 fact that the facilities and operations fully conform to the WHO
 requirements on quality standards.
 - The company entered the anti-fungal market, where competition was
 less due to the relatively smaller market size, by introducing Candid
 - The Company launched Candid Lotion.  It also introduced Candid V-3,
 Candid V-1 and Candid V-Gel.
 - The Company launced Candid-B Cream, a topical anti-fungal steroid
 combination to target the hitherto untapped market. 
 - Candid Mouth Paint was launched for oral thrush, targeted at
 Paediatricians.  The Company launched Ascoril, a cough expectorant,
 and it is one of the most successful brands of the Company and is
 ranked 103rd as per ORG Aug'99-MAT.
 - The Company started a Research and Development Department at it's
 Nasik factory.
 - The Company launched Candiderma and it is now the number two brand
 in its segment with a market share of 6.6%.
 - The Company launched Candid Ear Drops.
 - The Company proposes to implement an ERP system, which is expected
 to improve operational efficiencies and assist in monitoring
 performance. The Company is creating a backbone for setting up the
 ERP system including purchase of requisite hardware and connectivity
 between Factories/Branches/Depots via leased lines and VSAT.
 - The Company proposes to implement the Sales & Distribution and
 Finance Module, followed by the Production and Material Resource
 Planning Module.
 - The Company launched Candid TV Suspension and Candidtral.
 - The Company has created an Employee Welfare Trust (Trust) called
 Glenmark Pharmaceuticals Limited Employee Welfare Trust to implement
 the Employee Stock Option Plan.
 - The Company established a Cardiac Center at Dadar, in Mumbai.
 - Glenmark proposes to set up a drug discovery center in the Thane
 Belapur area (suburb of Mumbai).
 - The Company proposes to launch line extensions and new products to
 expand its product basket in the existing segments and also
 capitalise on its doctor penetration.  The Company also proposes to
 establish a subsidiary in Canada, to penetrate the market.
 - The Company allotted 1,75,000 warrants to the Trust for cash on
 September 20th, at Rs 1.0 per warrant.
 - Altacef, Suprocin, Suprocin B, Scalpe and Elovera were launched
 during the year and has been the most successful product by the
 Company, recording high growth.
 - The company is coming out with a public issue of 26,70,000 equity
 shares of Rs. 10 each for cash at a premium of Rs. 190 per share to
 fund its proposed expansion plan.  The issue will open for
 subscription on December 10.
 - The company is setting up a soft gel capsule manufacturing facility
 at Goa at a total cost of Rs 19.4 crore for exports to US and a
 research and development centre in Mumbai at a cost of over Rs 11
 - Glenmark Pharmaceuticals, a Mumbai-based company, will be the first
 to test the waters from Industrial sector, viz., pharmaceuticals
 sector, while many other companies are waiting in the wing. 
 - The Glenmark Pharmaceutical scrip opened its innings on the Bombay
 Stock Exchange at Rs 550, a whopping 175 per cent increase over the
 issue price of Rs 200 (including a premium of Rs 190) per share. 
 - The Company has entered into a strategic alliance with Haller Group
 (HG) of Brazil.
 - The Company is to issue 30,00,000 No. of equity shares of Rs 10
 each on private placement to finance the R&D and US FDA projects as
 also several opportunities for acquisitions and alliances to achieve
 higher growth.
 - The Company is to increase the borrowing powers from Rs 25 crores
 to Rs 150 crores.
 - The Company has acquired three brands, viz. Alex, Flucort and
 Sensur from Lyka Labs Ltd.
 - The board proposes to issue, through private placement, 40,00,000
 redeemable cumulative non-convertible preference shares of Rs 100
 each bearing dividend of not less than 9 per cent per annum and not
 exceeding 10.50 per cent per annum.
 -Establishes 'Proof of concept' in animal for their anti-diabetic /
 anti -obesity agent GRC-1087 which is a highly potent and selective
 human beta 3 andrnoceptor agoinst.
 -Company co-opted 3 directors Mr. Rajiv V Desai, Mr A S Mohanty, and
 Mr Sameer Paigankar in its board.
 -Dr Robin Pinto resigns as the director on the board of the company.
 -CDC Financial Services Ltd acquires 25,00,000 convertible debentures
 of the company of Rs.100 each.
 -Members approve for the disinvestment of company's right, title and
 interest in Assets & immovable property relating to manufacturing
 facilities located in at Verna, Goa.
 -Forays into the US generic markets and has roped in a former
 vice-president of Dr. Reddy's Laboratories to run the activities.
 -Declares interim dividend of 65% on the paid up equity capital of
 the company.
 -Directors allot 21000 equity shares to employees on ESOP scheme of
 the company.
 -Enters into a marketing arrangement with Philadaphia based Lannett
 Company, US to market
 the ANDA's .
 -Board approves for the sub division of equity shares from Rs.10 to
 Rs.2 per share.
 -Submitts Initial Drug Master File on Amiodarone
 -Fire breaks out at Kurkum factory and manufacturing operations have
 been suspended.
 -The  Company ties up with Apotex, Canada, for the supply of a new
 generation bulk drug in cardiac segment.
 -Board approves Conversion of Debentures into equity shares at a
 price of Rs 305.42 per share, resulting in allotment of 818557 equity
 shares .
 -Glenmark Pharmaceuticals Inc, USA signs Development & Marketing
 Agreement with KV Pharmaceutical Company.
 -Glenmark Pharmaceuticals has acquired Laboratories Klinger in Brazil
 for .2m through its wholly owned subsidiary in Brazil, Glenmark
 -Glenmark Pharmaceuticals Ltd acquires two FDA approved products from
 Clonmel Healthcare Ltd
 -Glenmark Pharmaceuticals SA (Switzerland), a wholly owned subsidiary
 of Glenmark Pharmaceuticals India (GPL), has entered into a
 collaboration agreement with Forest Laboratories Inc, USA, for the
 development and commercialisation of PDE4 (phosphodiesterase 4)
 inhibitor GRC 3886 for chronic obstructive pulmonary disorder (COPD)
 and asthma
 -Glenmark forges alliance with 2 US firms to sell products in US
 -Glenmark Pharmaceuticals & Teijin Pharma announces Collaboration
 Agreement on PDE4 inhibitor GRC 3886
 -Glenmark Pharmaceuticals Ltd has announced that Glenmark
 Pharmaceuticals SA (GPSA), a wholly owned Swiss subsidiary of the
 Company, acquired an Argentine marketing company Servycal S A
 (Servycal) for an undisclosed consideration
 -Glenmark Pharmaceuticals signs development & marketing agreement
 with InvaGen
 -Glenmark Pharmaceuticals has given the Bonus in the Ratio of 1:1
 -Glenmark Pharmaceuticals - Glenmark USA acquires exclusive marketing
 rights to 3 additional generic products
 -Glenmark & Paul Capital Partners Sign Unique Royalty Deal for USD 27
 mn to build US Generic Dermatology Portfolio
 -Glenmark Pharmaceuticals US subsidiary inks agreement with Lehigh
 -Glenmark Pharmceuticals to acquire generic company in Europe
 -Glenmark Pharmaceuticals joins hands with US firm
 - Glenmark Pharmaceuticals received tentative US FDA approval for its
 ANDA for Topiramte Tablet
 - Glenmark receives MHRA, UK approval for its state-of-the art
 semi-solids manufacturing plant at Baddi
 - In a 0 million deal with US based Eli Lily, Glenmark
 Pharmaceuticals has out-licensed GRC 6211 and a few other smaller
 molecules with potential to treat pain. Glenmark has received an
 upfront payment of  million from Eli Lily and going forward the
 companies will share the benefits from the sales when it hits the
 market in 2012.
 - The Company has splits its face value from Rs2/- to Rs1/-.
 -Glenmark Pharmaceuticals - Glenmark launches Nabumetone &
 Hydroxyzine Hydrochloride Table
 -Glenmark Pharmaceuticals launches Clobetasol from its niche
 dermatology pipeline
 -Glenmark Generics launches trandolapril tablets
 -Glenmark's subsidiary received USFDA approval for Betamethasone
 Dipropionate Cream, 0.05% (Augmented)
 - Glenmark Pharmaceuticals Ltd has informed that Mr. M J Mendonza,
 has joined the Company as Vice President - Legal & Company Secretary
 with effect from February 06, 2009.
 - Glenmark Generics Limited (GGL) has received ANDA approval from the
 United States Food and Drug Administration (U.S. FDA) for
 Alclometasone Dipropionate Cream, 0.05% and will commence marketing
 and distribution of this product in the U.S. market immediately.
 - Glenmark Pharmaceuticals Ltd has appointed Mr. D R Mehta as
 Additional Director of the Company. The company has also appointed
 Mrs. B E Saldanha as Additional Director of the Company.
 - Glenmark Generics Limited's (GGL) US subsidiary has received ANDA
 approval from the United States Food and Drug Administration (U.S.
 FDA) for Verapamil 240mg Extended Release tablet s and will
 immediately commence marketing and distribution in the U.S. market.
 - Glenmark Pharmaceuticals Ltd has entered into a settlement and
 license agreement with Sepracor Inc to market generic Eszopiclone
 - Glenmark wins Two Prestigious Global Recognitions at SCRIP Awards
 - Glenmark exercises its purchase option election with respect to its
 Royalty agreement with Paul Capital Partners Royalty Fund (Paul
 - Glenmark forays into Cosmeceutical Segment.
 - GBR 500 Deal receives clearance from Hart - Scott- Rodino Anti
 trust Improvements Act, USA.
 - Forest Laboratories and Glenmark Sign Development Agreement for
 Collaboration on Novel Agents to treat Chronic Inflammatory
 - Glenmark Generics announces the settlement of Paragraph IV
 litigation with Janssen Pharmaceuticals, Inc.
 - Glenmark Generics receives tentative approval for zolmitriptan
 orally disintegrating tablets.
 - The International Centre for Dispute Resolution ruled in favor of
 Glenmark on arbitration claim against Napo.
 - Glenmark Pharmaceuticals Ltd has informed BSE regarding a Press
 Release dated May 16, 2012 titled Glenmark Generics receives
 tentative approval for zolmitriptan orally disintegrating tablets
 from the U. S. FDA.
 -Glenmark announces launch of Hydrocortisone Butyrate cream in the
 -Glenmark announces a new Discovery and the Initiation of IND
 enabling studies of a novel monoclonal antibody targeting OX40.
 -USFDA approves Crofelemer 125 mg delayed-release tablets for the
 symptomatic relief of diarrhea in patients with HIV/AIDS on
 anti-retroviral therapy (ART).
 -Glenmark Generics receives ANDA approval for Mupirocin Calcium Cream
 USP  2%.
 -Atovaquone Prognanil (Malarone) patent revoked & Glenmark launches
 first UK generic.
 -Glenmark discovers IND enabling studies of a novel monoclonal
 -Glenmark merge its subsidiaries i.e. Glenmark Generics Ltd. (GGL)
 and Glenmark Access Ltd. (GAL) with GPL.
 -Glenmark enters Oncology with the Discovery and the Initiation of
 IND enabling Studies of an innovative bispecific Antibody.
 -Glenmark Pharmaceuticals inaugurates new Antibody Manufacturing
 Facility in La Chaux-de-Fonds, Switzerland.
 -US Food & Drug Administration (US FDA) has granted Glenmark its
 final acceptance for abbreviated new drug approval (ANDA) to the
 -Glenmark Pharma receives  mn from Sanofi as milestone payment from
 Sanofi on a collaboration of its VLA2 (alpha2-beta l) integrin
 monoclonal antibody.
 -Glenmark Generics gets USFDA nod for skin infection cream.
 -Glenmark Pharmaceuticals Ltd - Glenmark announces approval and
 launch of Ashlyna TM Extended - Cycle Oral Contraceptive Tablets in
 the US.
 -Glenmark Pharmaceuticals Ltd  -  Glenmark announces approval and
 launch of Trandolapril & Verapamil Hydrochloride (HCI) Extended
 Release Tablets in the US
 -Glenmark Pharma gets US FDA nod for Salmecort MDI Inhaler in Russia
 -The Cabinet Committee on Economic Affairs (CCEA) headed by PM has
 approved the foreign investment proposals of two pharma majors
 Glenmark Pharmaceuticals and Aurobindo Pharma worth Rs 4,187 crore, 
 -Glenmark Pharmaceuticals Ltd. has certified approving the Scheme of
 Arrangement of Glenmark Generics Ltd. and Glenmark Access Ltd. with
 Glenmark Pharmaceuticals Ltd.
 -Glenmark announces Strategic Development & Licensing Agreement with
 Celon, Poland for generic Seretide Accuhaler in Europe
 -Glenmark Pharmaceuticals receives tentative ANDA approval for
 Lacosamide Tablets, 50 mg, 100 mg, 150 mg and 200 mg
 -Glenmark Pharmaceuticals receives ANDA approval for Clotrimazole and
 Betamethasone Dipropionate Cream USP, 1% | 0.05%
 -Glenmark Pharmaceuticals has entered into a settlement agreement
 with Forest Laboratories, LLC, Forest Laboratories Holdings, Ltd.,
 and Royalty Pharma
 -Glenmark Pharma gets tentative FDA nod for anti-arrhythmic drug
 -Glenmark Pharma discovers new molecule
 -Glenmark gets USFDA nod for cancer treatment drug
 -Glenmark receives approval for Raloxifene tablets
 -Glenmark gets 3 observations from USFDA for Indore plant
 -Glenmark bags approval for Triamcinolone Acetonide Ointment
 -Glenmark Launches First and Only Generic Version of Zetia in the
 United States
 -Glemark Pharma bags approval for Tretinoin Capsules
 -Glenmark Pharmaceuticals and Evestra, Inc. Announce Partnership
 Agreement for Generic NuvaRing.
 -Glenmark Pharma enters into agreement with APC Therapeutics Inc.
 -Glenmark Pharmaceuticals Enters Exclusive Agreement with Cyndea
 Pharma S.L. for Generic Soft-Gelatin Capsule Drug Products.
 -Glenmark Pharma launches nicotine substitute gum.
Source : Dion Global Solutions Limited
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