Glenmark Pharma zooms 10% on positive management commentary
Fri, Feb 16, 2024 12:47 PM

Glenmark Pharma zooms 10% on positive management commentary

A Flip by Shubhangi Gupta
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Glenmark Pharma stock continues to rise, with a 10% surge on Feb 16. Q3 earnings were impacted by one-time expenses, but management expects improvement in EBITDA and margins, driven by new production site and upcoming product launches. Glenmark aims to turn cash positive and expects significant sales from its nasal spray Ryaltris.

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