Received upfront payment of $700 - Glenmark Pharmaceuticals Ltd

Code BSE: 532296 NSE:

Ichnos Glenmark Innovation , Glenmark’s wholly owned subsidiary, has received an upfront payment of $700 million from AbbVie . The payment is in accordance with the agreed contractual terms and is being made towards an exclusive global licensing agreement for IGI’s lead investigational asset, ISB 2001 across North America, Europe, Japan, and Greater China markets.