Glenmark Pharmaceuticals Ltd. reported jaded first-quarter earnings, but the firm’s spin-out plans for certain businesses – the orthopedic and pain management segment to begin with – to help boost the franchise and drive value while also paring debt, drew considerable investor attention.
Home-grown private equity firm True North has “partnered” with Glenmark for the Mumbai-based firm’s orthopedic and pain management business in...





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