Glenmark Pharmaceuticals launches anti-ageing productsRajasthan

18 November 2011: Glenmark Pharmaceuticals has launched anti-ageing products from the stable of Canadian firm Immanence-IDC as it forays in to the cosmeceuticals segment in India. A new division, Glenmark CosmoCare has been formed to pursue opportunities in the cosmeceutical segment in the country. Cosmeceutical products are a combination of cosmetics and pharmaceuticals with biologically active ingredients purporting to have medical or drug-like benefits.

Glenmark had entered into a ten year agreement with Immanence IDC to distribute the Canadian company's dermatology products in eight countries which includes India, Brazil, Mexico, South Africa, Egypt, Vietnam, Malaysia and Thailand. The company plans to roll out of the range in most of these markets by end of financial year- FY 12. The company's foray into cosmeceuticals will significantly enhance the firm's dermatology product offerings and will further consolidate its leadership position in the segment.

Source: Economic Times