"We Have Gone Through Hardships But Our Passion Remains High," Says Glenn Saldanha, Managing Director, Glenmark Pharma: An Interview With PharmAsia News (Part 2 of 2)
This article was originally published in PharmAsia News
Executive Summary
Glenn Saldanha, Managing Director, Glenmark Pharmaceuticals has been speaking about discovery research in India for more than a decade but his critics from bigger companies played down those efforts as high decibel talk, over-ambitious thoughts and a few even called them day dreaming moves. But five out-licensing deals in seven years with companies like Eli Lilly, Merck Serono and Sanofi-Aventis have transformed the way Glenmark Pharma is seen by the world today (PharmAsia News, May 3, 2010).
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MUMBAI - Continuing with its strategy to aggressively pursue in-licensing of novel R&D from Asia, French drug maker Sanofi signed a deal with India's Glenmark Pharmaceuticals Ltd. for the development and commercialization of GBR 500 - a novel monoclonal antibody for the treatment of Crohn's disease and other inflammatory conditions. The present market size for Crohn's disease is $2-3 billion, executives at Glenmark said, terming the first ever deal for a biological candidate from India as "landmark.
Sanofi Continues Search For Novel Compounds In Asia, Inking Deal With India's Glenmark For Phase I Biologic
MUMBAI - Continuing with its strategy to aggressively pursue in-licensing of novel R&D from Asia, French drug maker Sanofi signed a deal with India's Glenmark Pharmaceuticals Ltd. for the development and commercialization of GBR 500 - a novel monoclonal antibody for the treatment of Crohn's disease and other inflammatory conditions. The present market size for Crohn's disease is $2-3 billion, executives at Glenmark said, terming the first ever deal for a biological candidate from India as "landmark.