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Filed - Glenmark

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NCE Pipeline<br />

Lead Target Indication Stage Status<br />

GRC 3886<br />

(Oglemilast)<br />

PDE 4<br />

Asthma,<br />

COPD<br />

Ph II<br />

• Currently 2 Ph II trials underway for “exercise<br />

induced asthma” and “antigen challenge”;<br />

enrollment complete for the first study, top line<br />

results likely by Nov FY07<br />

• Phase II B for Asthma, COPD likely to begin<br />

early next year<br />

• Survey by R&D Directions classified GRC 3886<br />

as one of the Great 100 Investigational Drugs<br />

• $ 30 Mn expected from Forest Inc.,<br />

• In discussions with potential European Partners<br />

GRC 8200<br />

DPP IV<br />

Diabetes<br />

(Type II)<br />

Ph II<br />

• 2 Ph II trials underway in South Africa and India<br />

• Tied up with Merck KGaA of Germany in Oct 06<br />

to develop, register and commercialize GRC<br />

8200 and its combinations in US, Europe, Japan<br />

• <strong>Glenmark</strong> retains exclusive marketing rights for<br />

India and will co-commercialize the drug in RoW<br />

• Total deal size is EUR 190 Mn, with EUR 25 Mn<br />

as an up-front payment and the remaining<br />

milestone payments upon successful<br />

development, launch<br />

• Upon commercial launch, <strong>Glenmark</strong> will supply<br />

the API to Merck KGaA and will receive royalties<br />

on net sales of the product<br />

9

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