Glenmark Pharmaceuticals Ltd said its unit Glenmark Generics started marketing and distribution of cyclobenzaprine hydrochloride tablets in the US market.
Cyclobenzaprine Hydrochloride tablets are the generic version of Flexeril tablets of McNeil Pediatrics. These tablets are used as an adjunct to rest and physical therapy for relief of muscle spasm associated with painful musculoskeletal conditions.
According to IMS Health data, overall generic market sales for the product are approximately $36 million for the 12 month period ending March 2010, it said in a regulatory filing.
On Friday, Glenmark Pharma shares ended 0.7% down at Rs269 on the Bombay Stock Exchange, while the Sensex closed 0.7% lower to 17,868 points.
Financial services advisory and brokerage India Infoline Ltd said its first quarter net profit fell to Rs26.3 crore from Rs44.5 crore same period last year.
Its total revenues increased to Rs169.8 crore in the first quarter of the current fiscal, from Rs162.1 crore in the corresponding quarter last fiscal, India Infoline said in a filing to the Bombay Stock Exchange (BSE).
On Friday, India Infoline shares ended 2.3% down at Rs90 on the BSE, while the Sensex closed 0.7% lower to 17,868 points.
ABB Ltd said its net profit for second quarter ended 30 June 2010 fell to Rs38.3 crore from Rs83.6 crore during the corresponding period last year on lower orders.
During the April-June quarter, its sales declined 4% to Rs1,446 crore.
ABB said, during the second quarter, it received order worth Rs1,234.6 crore compared with Rs2,111.6 crore same quarter a year ago. Orders were impacted due to delays in conclusion of a number of large projects compared to the same period last year and continued price pressure in the market, ABB said in a regulatory filing.
On Friday, ABB shares slipped 4% to Rs812 on the Bombay Stock Exchange, while the Sensex closed 0.7% lower to 17,868 points.