Glenmark Spins Out Innovation With New US Base

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.

Trees
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.

The new unit, which received an in-principle go-ahead from the Glenmark board on Feb

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Scrip for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required

More from Business

More from Scrip