Monday, November 29, 1999

Glenmark Pharma expects 11-12 new USFDA nods in FY11

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Glenmark Pharmaceuticals Ltd expects to received about 11-12 new U.S. FDA approvals in FY11, its top official said on Friday."Typically, we get about 11-12 new approval every year and we anticipate the same number this fiscal," Glenn Saldanha, chief executive and managing director, told a conference call.Glenmark had received 11 U.S. FDA approvals in FY10 while the number was 10 in FY09, he added.(Reporting by Kaustubh Kulkarni; Editing by Ramya Venugopal)

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