The milestone payments are part of a deal worth USD 613 million, which the Mumbai-based firm signed with the French firm in May 2011, for Sanofi to develop the new drug.
Glenmark, through its Swiss subsidiary, received the payment from Sanofi on a collaboration of its VLA2 (alpha2-beta1) integrin monoclonal antibody, the company said in a statement.
Glenmark has already received from Sanofi USD 50 million as upfront payment in 2011-12. The total amount received by Glenmark from Sanofi for the new drug is USD 55 million, the company said.
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