Glenmark scores another Generics ANDA

Monday, June 20, 2011

For the news flow watchers, it was indeed a throwback to first blood strategies of generics that first improved Indian drugmakers' toplines ten years ago.Glenmark scored on its 40 plus pending ANDA applications with two approvals for oral contraceptives worth a market size of $226 mln every year. The product in question is from Janssen Pharma, making Glenmarks Generics score in the US - 71 such molecules. The last such success was for an anti allergy drug also worth a market size of $231 mln. It also had a patent infringement action under par IV for a '314 patent instituted by Astra zeneca for its Crestor alongwith Sun, Sri Aurobindo and nine others Last year's sales in generics grew 20% ( 16% in the USA) to $270 mln out of a annual sales of $640 mln.   

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