U.S. FDA compliance issues at Pithampur and Monroe plants
Pithampur plant under FDA discussion; Monroe plant awaiting inspection. Delays could impact U.S. launch timelines.
Glenmark Pharmaceuticals · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
Pithampur plant under FDA discussion; Monroe plant awaiting inspection. Delays could impact U.S. launch timelines.
Remogliflozin and Teneligliptin, which contributed ~60% of diabetes sales, faced generic competition; new launches (Lirafit, Empagliflozin) yet to fully offset decline.
North America revenue declined 5.4% due to back-ended launches; Flovent and nasal spray approvals may slip further.
ISB 2001 licensing deal is critical to fund IGI's $70M annual burn; any delay could pressure margins.