Pharmaceutical Business review

Glenmark establishes new plant to serve US, UK markets

The samples will be shipped for the approval of the US FDA before it can introduce the products.

Glenmark has invested about $20m in the plant that has an initial capacity of a million tables per year meant for exports to the US and UK.

It is hoping to get a USFDA approval for the plant within a year, which will be crucial for its revenue growth from 2012 since the firm estimates it will run out of capacity in its existing manufacturing units within a year or so.

Currently, Glenmark has three plants in western India – one for the manufacturing of solids, one for semi solids and one for hormones. Its existing USFDA approved units cater to the US and UK markets presently.