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Glenmark makes deal for ophthalmic generics Posted 25/01/2019

Indian generics maker Glenmark Pharmaceuticals (Glenmark) has entered into an exclusive agreement with South Korea’s Sam Chun Dang Pharm (SCD) to develop, manufacture and market a portfolio of generic ophthalmic products in the US and Canada.

Glenmark announced the deal in a Bombay Stock Exchange (BSE) filing. It said that under the agreement, ‘these products will be developed and manufactured by SCD in South Korea. Glenmark will seek all market authorisations and commercialise the products in North America’.

The agreement for the ophthalmic products is ‘aligned with the company's strategy to strengthen its focus on complex generic formulations’, said Robert Matsuk, President, North America & Global API at Glenmark. He added that ‘our strategic partnership with SCD supports our objective to expand the product offerings of our complex generic portfolio’.

The company expects to file six abbreviated new drug applications (ANDAs) beginning in the first half of 2019 for the licensed SCD ophthalmic products. According to IMS, Glenmark says that US brand-name sales for the six products was approximately US$1.7 billion for 2017.

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Source: Economic Times India

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