The drug maker earns about 35% of its revenue from the US market
Shares of the company were today trading at Rs 884 per scrip on BSE, up 1.02% from its previous close
Improvement in free cash flows can lead to further upgrades
Issue was so successful that the orderbook touched 12 times the issue size at $2.4 billion
Shares of Glenmark Pharmaceuticals were trading 0.38% up at Rs 868.35 in the morning trade on BSE
According to IMS sales data, Rosuvastatin calcium tablets achieved annual sales of around $6.78 billion
Company will issue dollar denominated non-convertible unsecured bonds
The company also received tentative approval for Olmesartan medoxomil, used for the treatment of high blood pressure
Company's shares were trading 1.66% up at Rs 864 on BSE in the late morning session
Consolidated revenue rose to Rs 2,306 crore up 29% from Rs 1,775 crore on a year-on-year basis
Adapalene and benzoyl peroxide gel is generic version of Galderma Laboratories LP's Epiduo
Company will market oral contraceptive tablets Lo Loestrin Fe after receiving the final approval
The US market contributes about 30% to Glenmark's consolidated revenue and it expects big growth from here in FY17
The drug major has received approval from USFDA for oral contraceptives and leukemia treatment injection
Glenmark Pharmaceuticals shares were trading at Rs 787.20 in the morning deals on the BSE, down 2.95%
The company's current portfolio consists of 61 ANDAs pending approvals from the US FDA