COMPANY NEWS


Glenmark Pharmaceuticals Ltd
BSE Code 532296 ISIN Demat INE935A01035 Book Value (₹) 651.23 NSE Symbol GLENMARK Div & Yield % 0.25 Market Cap ( Cr.) 28,770.49 P/E * 27.34 EPS * 37.29 Face Value (₹) 1
* Profit to Earning Ratio
* Earning Per Share
Glenmark Pharmaceuticals collaborates with Ichnos Sciences Back
(30 Jan 2024)

Glenmark Pharmaceuticals and Ichnos Sciences Inc. (Ichnos), its global fully integrated,  clinical©\stage biotech subsidiary, today announced the launch of their alliance ¨C Ichnos Glenmark Innovation ¨C to accelerate new drug discovery in cancer treatment.

This alliance combines Glenmark¡¯s research and development proficiencies in small molecules with those of Ichnos in novel biologics to continue developing cutting©\edge therapy solutions that treat hematological malignancies and solid tumors.  

The newly formed IGI features a robust pipeline of three innovative oncology molecules targeting multiple myeloma, acute myeloid leukemia and solid tumors currently undergoing clinical trials. Two of these molecules have received orphan drug designation from the U.S. FDA. Additionally IGI has two autoimmune disease assets that have been out licensed to leading companies.  

Harnessing the combined proficiency of over 150 scientists, IGI will leverage the capabilities of its three global centers of innovation. These comprise the Ichnos¡¯ headquarters in New York City, NY, USA, which is focused on clinical development; the biologics research center in Lausanne, Switzerland, and Glenmark¡¯s small molecule research center at Mahape in Mumbai, India