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Glenmark Of India Plans U.S. Acquisition To Market Specialty Drugs

This article was originally published in PharmAsia News

Executive Summary

India's Glenmark Pharmaceuticals plans to acquire a U.S. company in a move to enter the U.S. market for its specialty drugs business. Currently, Glenmark specialty products are marketed in all markets except the United States and Japan. Glenmark CEO Glenn Saldanha would not comment on the size or timing of an acquisition, but confirmed the company does want to market its specialty products in regulated markets, particularly the United States. That product line is expected to be worth $35 million to the firm in the next fiscal period. (Click here for more

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