Glenmark Pharmaceuticals to market generic Tiotropium Bromide DPI in Western Europe

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Capital Market
Last Updated : Aug 29 2018 | 10:04 AM IST
Glenmark Pharmaceuticals announced that Glenmark Pharmaceuticals Europe has entered into a strategic, exclusive licensing agreement for marketing generic Tiotropium Bromide dry powder inhaler (DPI) in Western Europe.

Tiotropium Bromide DPI is a generic version of Boehringer Ingelheim's Spiriva Handihaler. The product is used in the treatment of chronic obstructive pulmonary disease (COPD).

This is the second inhalation product in-licensed by Glenmark for the European market after Fluticasone/Salmeterol dry powder inhaler.

According to data from IQVIA, Boehringer Ingelheim's Spiriva Handihaler recorded sales of USD 724 million in the EU in the 12 month period ended March 2018.

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First Published: Aug 29 2018 | 9:42 AM IST