Alivus Life Sciences Limited, formerly Glenmark Life Sciences Limited, is an India-based developer and manufacturer of non-commoditized, active pharmaceutical ingredients (APIs) in chronic therapeutic areas. The Company is providing contract development and manufacturing (CDMO) services to a range of multinational and specialty pharmaceutical companies. Its primary therapy areas include cardiovascular (CVS) disease, central nervous system (CNS) disorders, diabetes, oncology, pain management (anti-migraine, analgesic) and anti-infectives (antibiotic). It also develops APIs in the therapeutic areas such as antifungal, anti-histaminic, anti-acne, anti-emetic, ophthalmologic agent, urinary and anti-spasmodic. It has a diversified portfolio of around 151 molecules & supplies its products to customers in India, Europe, North America, Latin America, Japan and the rest of the world. Its four manufacturing facilities are located in Ankleshwar, Dahej, Mohol and Kurkumbh.
Glenmark Life Science Financial Highlights
- Revenue: Glenmark Life Science reported revenue of ₹1,885.98 crore in FY21 vs ₹1,549.30 crore in FY20. It showed an increase of 21.73% on a yearly basis.
- Operating Profit: Glenmark Life Science reported an operating profit of ₹470.94 crore in FY21 vs ₹421.07 crore in FY20. It showed an increase of 11.84% on a year-on-year basis.
- Net Profit: Glenmark Life Science reported a net profit of ₹351.58 crore in FY21 vs ₹313.10 crore in FY20. It showed an increase of 12.29% on a yearly basis.