Glenmark Pharmaceuticals receives ANDA tentative approval for Nintedanib Capsules, 100 mg and 150 mg

Glenmark Pharmaceuticals Ltd (Glenmark) has received tentative approval by the United States Food & Drug Administration (U.S. FDA) for Nintedanib Capsules, 100 mg and 150 mg, the generic version of Ofev® Capsules, 100 mg and 150 mg, of Boehringer Ingelheim Pharmaceuticals, Inc.

According to IQVIATM sales data for the 12 month period ending April 2021, the Ofev® Capsules, 100 mg and 150 mg market achieved annual sales of approximately $1.6 billion*.

Glenmark's current portfolio consists of 172 products authorized for distribution in the U.S. marketplace and 44 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.630.7 as compared to the previous close of Rs. 638.7. The total number of shares traded during the day was 58043 in over 1865 trades.

The stock hit an intraday high of Rs. 642.8 and intraday low of 626.35. The net turnover during the day was Rs. 36719893.

Source : Equity Bulls

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