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21 June, 2018 02:14 IST
Glenmark Pharm quarterly earnings fall 17.5%
Source: IRIS | 30 May, 2018, 10.54AM
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Earnings per share for the quarter stood at Rs 5.37, registering 17.51% decline over previous year period.

''While FY 2018 was a challenging year mainly on account of pricing pressure in the U.S., our other key markets like Europe and India performed well on the back of new product launches. Even though we expect pricing pressure to persist, we are glad that FY 2019 has started on a positive note for us with approvals for some interesting products in the U.S.,'' said Glenn Saldanha, Chairman & MD, Glenmark Pharmaceuticals. (Q,N,C,F)* He further added, ''We recently filed our first New Drug Application (NDA) for Ryaltris in the U.S, which is a milestone in Glenmark's journey and marks our first step towards the transition to a specialty and innovative drugs company. We believe our strong R&D pipeline of novel assets will help propel growth in the long run.''

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