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Glenmark Life Sciences posts Q2 profit rise on API boost

India’s Glenmark Life Sciences reported an 11.1% rise in second-quarter profit on Friday, led by strong growth in its mainstay active pharmaceutical ingredients (API) business in domestic as well as U.S. and European markets. The Mumbai-based drugmaker said its profit rose to 1.19 billion ....

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api: Glenmark Life Sciences Q1 Results: Firm posts 25% rise in profit on API strength

The company, spun off from Glenmark Pharmaceuticals in 2019 to focus on the API business, said total revenue from operations climbed 18% to 5.87 billion rupees during the quarter, with regulated markets including the U.S., Europe and India contributing 78%. ....

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