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Glenmark Pharmaceuticals S.A (GPSA), a wholly owned subsidiary of Glenmark Pharmaceuticals (GPL) has announced that it has entered into an agreement with Sanofi-Aventis to grant Sanofi-Aventis a license for the development and commercialization of novel agents to treat chronic pain. Those agents are vanilloid receptor (TRPV3) antagonist molecules, including a first-in-class clinical compound, GRC 15300. GRC 15300 is currently in Phase I clinical development as a potential next-generation treatment for various pain conditions, including diabetic neuropathic pain and osteoarthritic pain.
Under the terms of the agreement, Glenmark will receive an upfront payment of $20 million, as well as development, regulatory and commercial milestone payments, it said in a statement. The total licensing payments could reach $325 million, the company added.
The stock hit a high of Rs 303.80, which is also its 52-week high after a Gap-up opening and Rs.272-276 Gap is still pending and sustaining higher levels the stock can soon reach our FABULOUS-15 Target of Rs.350
Everest Kanto Cylinder jumped 9% on reports the company expects its operations in China to bring in significant revenue http://www.capitalmarket.com/if.asp?L=hotpursuit&M=cmedit/story2-0.asp?sno=391299
China may 'crash' in next 9-12 months: Marc Faber http://economictimes.indiatimes.com/markets/global-markets/China-may-crash-in-next-9-12-months-Marc-Faber/articleshow/5887630.cms
Latest Update-----
Par Pharmaceutical has entered into an exclusive licencing agreement with Glenmark Generics for Zetia, reports CNBC-TV18. Under the terms of the licensing and supply agreement, the US-based specialty pharmaceutical company has made a payment to Glenmark for exclusive rights to market, sell and distribute ezetimibe 10 mg tablets, the generic version of Merck & Co's Zetia in the US http://www.moneycontrol.com/news/business/par-pharma-glenmark-genericslicencing-pact-for-zetia_455543.html
Beijing Airport Word's Largest Airport
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