GLENMARK PHARMACEUTICALS LTD. - Clarifies on News Item

The Exchange had sought clarification from the company with respect to news article appearing in DNA on January 04, 2016 titled "Roche, Glenmark settle dispute over cancer drug".<BR><BR>The company replied stating "Glenmark confirms that it has reached an agreement with Roche/OSI regarding ongoing patent disputes relating to the anti-cancer medicine - Erlotinib Hydrochloride. As part of the agreement, the companies have ceased all relevant patent litigation on this product. The settlement is a part of normal course of our business and it will have no material impact on the company."