Glenmark breaks ground in the USA with first approved manufacturing site

20 June 2018

India’s Glenmark Pharmaceuticals (BSE: 532296) has been granted approval by the US Food and Drug Administration to manufacture a generic version of GlaxoSmithKline's (LSE: GSK) Malarone (atovaquone/roguanil hydrochloride) at its facility in North Carolina, USA.

Glenmark spent more than $100 million on the factory, the first manufacturing site the firm has in the USA, which is designed to produce a variety of fixed dose pharmaceutical formulations.

North America & Global API president Robert Matsuk said the site would “expand our portfolio by providing the manufacturing foundation for future product approvals."

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