Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Glenmark gets approval to launch acne gel in the US
BackBack

Glenmark gets approval to launch acne gel in the US

Glenmark gets approval to launch acne gel in the US

Premium

New Delhi: Glenmark Pharmaceuticals Friday said it has received nod from the US health regulator to market adapalene gel, used in treating acne, in the American market.

The approval was granted to its US subsidiary, Glenmark Generics Inc, for the Abbreviated New Drug Application for adapalene gel in strength of 0.1% by the US Food and Drugs Administration, the company said in a statement.

Distribution and marketing of the product in the US market will start soon, it added.

Adapalene gel is the generic equivalent of Galderma’s Differin gel, which according to IMS Health, generated sales worth around $84 million in 2009-10.

“Today’s approval expands the volume of the company’s portfolio to include a total of 15 semi solid products authorised for distribution," the company said.

The company’s current portfolio consists of 55 products authorised for distribution in the US market and has over 50 ANDA’s approvals pending with the USFDA.

Shares of Glenmark were trading at Rs274.50 a piece on the Bombay Stock Exchange in late afternoon trade, up 1.74% from its previous close.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 02 Jul 2010, 04:58 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie