Glenmark Pharmaceuticals said that US-based Glenmark Pharmaceuticals Inc. has launched Latanoprost Ophthalmic Solution.
The aforementioned solution is bioequivalent and therapeutically equivalent to the reference listed drug Xalatan Ophthalmic Solution of Upjohn US 2 LLC.
Latanoprost ophthalmic solution is used to treat certain types of glaucoma and other causes of high pressure inside the eye.
According to IQVIA sales data for the 12-month period ending December 2024, the Xalatan Ophthalmic Solution market had achieved annual sales of approximately $113.5 million.
Marc Kikuchi, president & business head, North America, said: We are excited to announce the launch of our 4th ophthalmic product, Latanoprost Ophthalmic Solution, 0.005% (0.05 mg/mL), growing our portfolio of products within the ophthalmic channel.
Glenmark Pharmaceuticals is a global innovation-driven pharmaceutical company with a presence across specialty, generics, and OTC businesses.
The drug maker had reported a consolidated net profit of Rs 354.21 crore in Q2 FY25 as against net loss of Rs 81.95 crore in Q2 FY24. Revenue from operations increased 7.59% year on year (YoY) to Rs 3,400.50 crore in the quarter ended 30 September 2024.
The scrip slipped 3.90% to currently trade at Rs 1354.90 on the BSE.
