Glenmark Pharmaceuticals launches Bumetanide Injection

Glenmark Pharmaceuticals Inc., USA (Glenmark) has launched Bumetanide Injection USP, 1 mg/4 mL (0.25 mg/mL) SingleDose Vials and 2.5 mg/10 mL (0.25 mg/mL) Multi-Dose Vials, the generic version of Bumex® Injection, 0.25 mg/mL, of Validus Pharmaceuticals LLC.

Commenting on the launch, Vijay Raghavan, Senior Vice President, Business Development Portfolio, Product Launch & Strategy said, "We are very pleased to bring to market a lower cost alternative to Bumex® Injection, 0.25 mg/mL. This launch of Bumetanide Injection USP, 1 mg/4 mL (0.25 mg/mL) Single-Dose Vials and 2.5 mg/10 mL (0.25 mg/mL) Multi-Dose Vials affirms our commitment to Glenmark's continued focus on institutional business."

According to IQVIATM sales data for the 12-month period ending November 2022, the Bumex® Injection, 0.25 mg/mL market achieved annual sales of approximately $16.5 million.

Glenmark's current portfolio consists of 179 products authorized for distribution in the U.S. marketplace and 46 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 Limited was last trading in BSE at Rs. 426.75 as compared to the previous close of Rs. 422.60. The total number of shares traded during the day was 13617 in over 899 trades.

The stock hit an intraday high of Rs. 431.50 and intraday low of 424.15. The net turnover during the day was Rs. 5828479.00.

Source : Equity Bulls

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GlenmarkPharmaceuticals INE935A01035 BumetanideInjection GenericVersion BumexInjection