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Glenmark Pharma stock rises 3% on ₹6,160 cr AbbVie payment
short by / on Tuesday, 9 September, 2025
Glenmark Pharmaceuticals rose 3% after its subsidiary Ichnos Glenmark Innovation secured a $700 million (₹6,160 crore) upfront payment from AbbVie under a global licensing deal for ISB 2001. The deal strengthens Glenmark's finances, reduces debt, and accelerates drug development, highlighting its strong R&D potential.
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