The IPO comprises a fresh issue of up to Rs. 11,600 million and an offer for sale of up to 7,305,245 equity shares of Rs. 2 each of Glenmark Life Sciences by Glenmark Pharmaceuticals
NATCO's partner BPI plans to launch 2.5 mg, 5 mg and 7.5 mg strengths of the product shortly within the next few weeks.
Candid Powder brand is a market-leader in its category, with a market share of 64% in the medicated powder category.
Fluphenazine Hydrochloride Tablets, USP are available in 1 mg, 2.5 mg, 5 mg, and 10 mg tablets in 100 bottle count sizes.
India business grew 11.8% YoY vs mid-single digit industry growth.
The jump in profit is due to the better performance of the API business.
According to IQVIA sales data for the 12 month period ending December 2020, the Cleocin T Gel, 1% market achieved annual sales of approximately $73.8 million.
The Department has been working continuously to ensure a stable long-term policy environment and reduce the compliance burden on the Industry.
With a mix of vaccines targeting different stages of COVID-19, the company is eyeing huge market potential
The approved product is a generic version of Ravicti, originally developed and marketed by Horizon Therapeutics
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