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Glenmark Spins Out Innovation With New US Base

 
• By Anju Ghangurde

Glenmark’s innovation business will now be housed in a spin-out arm, based in the US, where the Indian parent believes the ecosystem is more conducive to cutting-edge R&D. The new structure could also potentially provide new opportunities to unlock value for the parent company.

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GLENMARK SPINS OUT INNOVATION BUSINESS • Source: Shutterstock

Glenmark Pharmaceuticals Ltd. plans to spin out its innovation business, which includes a basket of promising early to advanced new chemical entities (NCEs) and new biological entities (NBEs), into a new company based in the US.

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