Glenmark Pharmaceuticals Inc., USA (Glenmark) has been granted final approval by the United States Food & Drug Administration (U.S. FDA) for Fulvestrant Injection, 250 mg/5 mL (50 mg/mL), a generic version of Faslodex®1 Injection, 250 mg/5 mL (50 mg/mL), of AstraZeneca Pharmaceuticals LP.
According to IQVIATM sales data for the 12 month period ending June 2019, the Faslodex® Injection, 250 mg/5 mL (50 mg/mL) market2 achieved annual sales of approximately $549.9 million*.
Glenmark's current portfolio consists of 159 products authorized for distribution in the U.S. marketplace and 56 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.359.55 as compared to the previous close of Rs. 362.75. The total number of shares traded during the day was 34970 in over 778 trades.
The stock hit an intraday high of Rs. 365.6 and intraday low of 356.35. The net turnover during the day was Rs. 12636503.
1 All brand names and trademarks are the property of their respective owners.
2 Market includes brand and all available therapeutic equivalents
*IQVIATM National Sales Perspectives: Retail & Non-Retail, June 2019