GBR 1302, a bi-specific monoclonal antibody, is an artificial protein that is composed of fragments of two different monoclonal antibodies and consequently binds two different types of antigens.
In an exclusive interview with CNBC TV-18's Udayan Mukherjee and Mitali Mukherjee, Abhishek Singhal of Macquarie, said that Glenmark would be his top pick in the Indian pharma space since sentiment is positive for the pharma firm after its pact with pharma major Sanofi.
Global pharma major Sanofi has entered into a license agreement with Glenmark Pharmaceuticals SA, a wholly owned unit of India’s Glenmark Pharma for development and commercialization of GBR500, a monoclonal antibody to treat Crohn’s disease and other chronic autoimmune disorders.