GLENMARK / Q4-FY24 / risks

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Glenmark Pharmaceuticals · Material risks, their source context, and severity in the latest available quarter.

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WatchQ4-FY24 · 2024-05-28Back to quarter ↗

Risk intelligence

Material risks this quarter

Monroe facility FDA reinspection delay

Remediation completed but FDA reinspection pending; delay could impact injectable commercialization timeline.

high

Elevated legal settlement cash outflows

Cash payout of ~INR 300 crore in FY25 for DOJ and Zetia settlements, impacting free cash flow.

medium

North America revenue decline and lack of launches

North America revenue fell 12.4% YoY; recovery depends on generic Flovent approval and scale-up of recent launches.

high

IGI R&D spend remains high at $50 million

Despite earlier guidance to reduce Ichnos spend, FY25 IGI cash R&D is $50 million, pressuring profitability.

medium