BUSINESS

Glenmark arm buys brand

MUMBAI, MARCH 17. Glenmark Farmaceutica Ltd. (GFL), the wholly-owned Brazilian subsidiary of Glenmark Pharmaceuticals Ltd. (GPL), has purchased a leading hormonal brand, Uno-Ciclo from Instituto Biochimico Industria Farmaceutica Ltd. (Biochimico) for $4.6 million. The brand generated sales of $3.1 million in Brazil in the 12 months prior to the acquisition. — Our Staff Correspondent

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