ICICI Direct: Gland Pharma IPO - Investment Rationale
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ICICI Direct Report
Established in Hyderabad in 1978, Gland Pharma is one of the largest and fastest growing injectable-focused business to business companies, with a global footprint across 60 countries, including the U.S., Europe, Canada, Australia, India and other markets.
It is a niche player in sterile injectables, oncology and ophthalmic solutions with focus on first-to-file, 505(b)(2) filings and NCE- 1s.
Along with its partners Gland has 267 abbreviated new drug application filings (101 owned) in the U.S. as of Q1 FY21, of which 215 were approved.
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