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Monroe Site Commercialization ‘Critical’ For Glenmark’s US Step-Up

 
• By Anju Ghangurde

Glenmark expects its first US manufacturing site to go commercial next year, accelerating growth in that market, while it sets right certain compliance blips back home. The Indian firm is also on course to divest certain non-core assets but notes that bringing in a minority partner for its API unit is not a priority.

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Commercialization Of Glenmark's First US Site Could Drive Sales • Source: Shutterstock

Glenmark Pharmaceuticals Ltd. made a strong rebound in the second quarter of fiscal year 2020, buoyed by robust growth in its India business. But product roll-outs from a new US site could be vital to fast-track growth of its operations in that key market.

The Indian firm expects its plant in Monroe, North Carolina to go commercial next year, at least the injectables and oral solids lines.

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