Gland Pharma rises after signing strategic CDMO pact with global pharmaceutical firm
Mumbai, Aug. 10 -- Gland Pharma said that it has entered into a five-year manufacturing and supply agreement with a leading global pharmaceutical company for the technology transfer and development of 55 sterile injectable products.
The agreement covers the manufacturing and supply of oncology and non-oncology products across multiple injectable formats.
The portfolio includes products in vial, lyophilized vial, ampoule and pre-filled syringe formats, covering both conventional and complex injectables.
The agreement spans three manufacturing sites and is expected to generate annualised revenue of $90-100 million, with revenue contribution expected to commence from CY29.
The company also has scope to add more products and undertake tec...
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