GLENMARK PHARMACEUTICALS LTD. - Updates

Glenmark Pharmaceuticals Ltd has informed BSE that the Company through its Swiss subsidiary has received USD 5 million as milestone payment from Sanofi on a collaboration of its VLA2 (alpha2-beta l) integrin monoclonal antibody. GBR 500 is a first-in-class therapeutic monoclonal antibody for chronic autoimmune disorders.<br/><br/>Glenmark has received from Sanofi already USD 50 Mn as an upfront payment in FY2011-12. Hence, the total amount received by Glenmark from Sanofi for its first in class VLA-2 monoclonal antibody is USD 55 million.