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Glenmark's Consolidated Revenue Increases by 33.96% to Rs. 13812.59 Million for Q3 FY 12-13
Date:1/29/2013

-a-vis the same period last year. Glenmark's revenue from its Latin American and Caribbean operations was at Rs.963.86 Mn [USD 17.75 Mn] for the third quarter ended Dec 31, 2012 as against Rs. 824.75 Mn [USD 16.12 Mn] a growth of 16.87%.

Generics Business

Glenmark Generics Inc., U.S.A. registered revenue from sale of finished dosage formulations was Rs. 4365.25 Mn (USD 80.48 Mn) for the quarter ended Dec 31, 2012 against revenue of Rs. 3190.28 Mn (USD 62.03 Mn) for the previous corresponding quarter, recording an increase of 36.83%.

Active Pharmaceutical Ingredients [API]

Revenue from sale of API to regulated and semi-regulated markets globally was Rs. 998.61 Mn [USD 18.42 Mn] for the quarter ended Dec 31, 2012 against Rs. 835.84 Mn [USD 16.28 Mn]), for the previous corresponding quarter, recording an increase of 19.47%.

About Glenmark:

Glenmark Pharmaceuticals Ltd. (GPL) is a research-driven, global, integrated pharmaceutical company headquartered at Mumbai, India. It is ranked among the top 100 Pharma & Biotech companies of the world in terms of revenues. (SCRIP 100 Rankings published in the year 2012). Glenmark is a leading player in the discovery of new molecules both NCEs (new chemical entity) and NBEs (new biological entity). Glenmark has several molecules in various stages of clinical development and is primarily focused in the areas of Inflammation [asthma/COPD, rheumatoid arthritis etc.] and Pain [neuropathic pain and inflammatory pain]. The company has a significant presence in branded generics markets across emerging economies including India. GPL along with its subsidiary has 13 manufacturing facilities in four countries and has five R&D centers. Its subsidiary, Glenmark Generics Limited services the requirements of the US and Western Europe generics markets. The API business s
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SOURCE Glenmark Pharmaceuticals Ltd
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