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In July 2025, Mumbai-headquartered Glenmark grabbed the spotlight when it signed what was one of the biggest out-licensing deals for an Indian drugmaker with Chicago-based Abbvie Inc. for an under-development cancer drug. The firm's US-based unit, Ichnos Glenmark Innovation, signed a $700 million exclusive licensing agreement for its drug candidate to treat a rare blood cancer.
"We were always resilient in how we approached innovation. I think that's what finally rew...
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