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21 February 2011

GLENMARK: Kotak Sec: global investor conference 2011

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GLENMARK: Key takeaways
􀁠 At least 18-20% growth in India likely in FY2012E.
􀁠 While Glenmark has 7 NCEs (including Croflemer) in the pipeline, it will focus on
conducting trials on 4 NCEs—(1) 2 phase II trials for 4039, (2) phase I trial for GBR500,
(3) phase I for 117536 and (4) phase III for Croflemer.
􀁠 Glenmark looking for a partner to out license Melogliptin. For now no further trials are
being conducted on Melogliptin.
􀁠 While Glenmark got 9 approvals in 9MFY11, 3-4 products were launched in 9MFY11,
including Tarka.
􀁠 14 OC filings have been made.

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