Glenmark Pharmaceuticals Limited’s management faced a volley of questions at its third quarter earnings call around the seeming slow progress of fundraising and portfolio partnering plans at Ichnos Sciences, its spin-out innovation arm in the US, though the Indian company assured investors that it hopes to “close something pretty quickly” in both cases.
“We are still working on the capital raise as we speak; in addition we have several partnering discussions with various...





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