Chennai: Glenmark Pharmaceuticals and Torrent Pharmaceuticals said they have entered into a licensing agreement to co-market diabetes drug Remogliflozin Etabonate in India.
“Under the terms of the agreement, Glenmark will receive an upfront payment, license fees and royalties for the non-exclusive sub-license rights from Torrent. Glenmark will manufacture and supply Remogliflozin while Torrent will market the drug under its own trademark ‘Zucator’ in India,” Glenmark Pharma said in a regulatory filing.
Glenmark Pharma said in April 2019 it had received approval from the Drugs Controller General of India (DCGI) for Remogliflozin Etabonate after successfully completing phase-3 clinical trials in which the drug demonstrated good efficacy and safety profile in a head-to-head comparison against Dapagliflozin.