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The drug has a market size of around $1.4 billion. Glenmark is already enjoying marketing exclusivity on the generic of GlaxoSmithKline’s anti-malaria drug, Malarone, and Nycomed’s Cutivate lotion. “Glenmark’s strategy will work for it in the long term.
On constant currency, the growth was at 38% YoY. The launch of 180 days exclusivity products for generic Malarone and cutivate and increase in prices of derma products also supported growth. The company launched 12 products in the US market in FY12.