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Glenmark Chief On ‘Big Shift’ In Revenue By Region, Liraglutide India Outlook

 
• By Anju Ghangurde

Momentum in Europe may see the region’s contribution to Glenmark’s revenues become almost as big as the US business, currently dented by multiple challenges. The firm also outlines how things are poised in India for its biosimilar to Novo Nordisk’s Victoza.

Glenmark signals changing revenue mix • Source: Shutterstock

Glenmark Pharmaceuticals Limited’s revenue mix by region appears set for an overhaul, with Europe expected to match the US, a market where the Indian firm has been struggling to regain momentum.

At the earnings call for the first quarter of fiscal 2025, Glenmark’s chairman and managing director, Glenn Saldanha, indicated that the US business continues to remain challenging, but potential regulatory approvals of certain

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