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Filed - Glenmark

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Europe – Start-up phase<br />

Strategy & Progress<br />

<br />

Entry through a niche / branded strategy<br />

• Developing niche generic products, and partnering & creating alliances<br />

with European companies<br />

• Entered into a joint developing, filing and marketing deal for 8 derma products<br />

with Merck Generics, Germany for the European region. The first of these<br />

products has already been filed and is targeted to be launched in 2007; the<br />

remaining products are forecasted to be launched by 2010.<br />

• Expanding Inorganically in select branded generics markets in Europe<br />

• Currently in discussions with Potential company for acquisition<br />

<br />

Establish front-end<br />

• Europe headquarters, <strong>Glenmark</strong> Pharmaceuticals (Europe) Ltd., set up in<br />

2004<br />

• Team building completed<br />

• Potential front-end acquisitions under review<br />

17

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