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Seretide Settlement Lifts Glenmark In Europe

As Indian Firm Shelves Divestment Plans For API Business

 
• By Anju Ghangurde

Glenmark can sell its partnered generic rival to GSK’s Seretide Accuhaler dry powder inhaler in certain European markets following a settlement with the UK company. The Indian firm has also shelved divestment plans for its API business, at least for now.

Asthma
Glenmark-Celon Can Launch Gx Seretide Accuhaler In Certain Markets • Source: Shutterstock

Glenmark Pharmaceuticals’ Europe operations reported a dull third quarter but the firm expects a pick up in the business going forward, aided in part by a settlement pertaining to Salmex (fluticasone/salmeterol), its partnered generic version of GlaxoSmithKline’s Seretide Accuhaler dry powder inhaler.

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