Glenmark Pharmaceuticals Inc., USA (Glenmark) has been granted tentative approval by the United States Food & Drug Administration (U.S. FDA) for Clindamycin Phosphate Foam, 1%, a generic version of EVOCLIN®1 Foam, 1%, of Mylan Pharmaceuticals Inc.
According to IQVIA™ sales data for the 12 month period ending April 2019, the EVOCLIN® Foam, 1% market2 achieved annual sales of approximately $17.0 million*.
Glenmark's current portfolio consists of 156 products authorized for distribution in the U.S. marketplace and 59 ANDA's pending approval with the U.S. FDA. In addition to these internal filings, Glenmark continues to identify and explore external development partnerships to supplement and accelerate the growth of its existing pipeline and portfolio.
Shares of GLENMARK PHARMACEUTICALS LTD. was last trading in BSE at Rs.509.55 as compared to the previous close of Rs. 527.15. The total number of shares traded during the day was 34459 in over 1059 trades.
The stock hit an intraday high of Rs. 533.8 and intraday low of 505.3. The net turnover during the day was Rs. 17723283.
1 All brand names and trademarks are the property of their respective owners.
2 Market includes brand and all available therapeutic equivalents
*IQVIA™ National Sales Perspectives: Retail & Non-Retail, April 2019