Glenmark Pharmaceuticals Ltd, said it appointed Dr Penelope (Penny) Ward as its new president for clinical research and development (R&D) and chief medical officer.
Dr Ward will be based at Glenmark’s Clinical R&D centre at Oxford in UK. She will oversee the entire clinical development activity for both new chemical entities (NCEs) and new biological entities (NBEs), the company said in a regulatory filing.
Currently, Glenmark has eight programs in clinical development of which six are NCEs and two are NBEs. In her role as chief medical officer, Dr Ward will also guide all medical activities across Glenmark's branded generic markets.
On Thursday, Glenmark ended 0.5% down at Rs264 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.7% up at 17,022 points.
Global alternative asset manager Carlyle Group has invested $22 million in private sector dairy company Tirumala Milk Products Pvt Ltd. The funds will be used for expanding its procurement network, processing capacity, entry into new markets and for the manufacture of new value added products.
Tirumala Dairy has presence in Andhra Pradesh, Karnataka and Tamil Nadu. It handles 7 lakh litres of milk per day in its packing stations and dairy plant, which is the single largest plant in Andhra Pradesh.
The investment will come from Carlyle Asia Growth Partners IV (CAGP IV), a $1.04 billion fund. This investment into Tirumala Milk reinforces the firm’s commitment to India as an attractive investment destination. Carlyle has already made five investments in India from the previous fund, Carlyle Asia Growth Partners III (CAGP III).
Real estate developer Omaxe Ltd said it launched ‘Naffhil Homes’, its first budget homes at Allahabad in Uttar Pradesh. To be constructed over an area of about 20 acres, this affordable housing project will be a part of around 1,535 acre ‘Omaxe Waterfront Hi-Tech City’ project, the company said in a regulatory filing.
Naffhil homes will have estimated revenue of over Rs150 crore and will be ready for occupancy in about 30 months, it added.
On Thursday, Omaxe ended 0.8% up at Rs94 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.7% up at 17,022 points.