Glenmark Life Sciences Ltd., a subsidiary of Glenmark Pharmaceuticals Ltd., is a leading developer and manufacturer of s
Glenmark Life Sciences Ltd., a subsidiary of Glenmark Pharmaceuticals Ltd., is a leading developer and manufacturer of select high-value, non-commoditized active pharmaceutical ingredients (APIs) in chronic therapeutic areas, including cardiovascular disease, central nervous system disease, pain management, and diabetes. It also manufactures and sells APIs for gastro-intestinal disorders, anti-infectives, and other therapeutic areas.
Glenmark Life Sciences IPO review - Glenmark Life Sciences IPO details, business, financials
Strengths & Risks
Leading developer and manufacturer of select high value, non-commoditized APIs in chronic therapeutic areas
Strong relationships with leading global generic pharmaceutical companies
Quality-focused and has compliant manufacturing and R&D infrastructure
Focused on sustainability in its operations through meaningful interventions in environment management, safety initiatives in its operations, and the occupational health of its workforce.
Glenmark strives to achieve cost leadership across many of its products through the careful application of operations initiatives, sourcing initiatives, and R&D initiatives
Experienced Promoters with a strong management team
Regulatory action due to a manufacturing or quality control problem
Dependency on a limited number of key customers for a significant portion of its revenues
Generates a significant portion of its total revenue from its API business from the sale of products in a limited number of principal therapeutic categories
Manufacturing and R&D facilities are located in two states and any disruption in these states can cause manufacturing to stop
Delay, interruption, or reduction in the supply of raw materials can harm operations
Impact of COVID-19
Significant working capital requirements for its manufacturing operations and development of new products
The brand name ‘Glenmark’ and the trademarks for the name ‘Glenmark Life Sciences’ and logo are registered in the name of the promoter of the company
Impact of pricing pressure from customers on gross margin, profitability and the company’s ability to increase the prices
The company has to obtain and maintain a number of statutory and regulatory licenses, permits and approvals for carrying out business including consents to establish and operate under environmental laws
Exposure to counterparty credit risk
Inability to accurately forecast demand for its products and manage inventory accordingly
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