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Is a golden period coming for API companies and Glenmark Life Sciences? — interview with MD & CEO Dr Yasir

Original: API Companies & Glenmark Life Sciencesకి Golden Period రానున్నదా? | Interview with MD & CEO Dr Yasir

63.3K views · Jul 23, 2021 · 32:41 min · Watch on YouTube ↗
Takeaway

Glenmark Life Sciences runs a 20-year-old high-margin non-commodity API + CDMO business with regulated-market customers and a spotless audit record — structurally better than typical commodity API peers.

Summary

  • Glenmark Life Sciences (demerged from Glenmark Pharma): ₹1,886 cr revenue, 30-31% EBITDA margin, ~33% ROCE, FY21 growth 21.7%, FY18-21 CAGR ~16%
  • Portfolio is non-commoditised — commodity APIs sell at $50-60/kg vs theirs at $150-1,500/kg; 210 scientists, 15 new projects/year, 15-18 month development cycle
  • Sells primarily to regulated markets (US, EU, Canada, Japan, Brazil, Korea); 15+ years clean audit record across 38+ regulator inspections and 400+ customer audits
  • Revenue mix: 90.6% generic API + 8.1% CDMO — CDMO focused on end-of-life-cycle leveraging same R&D platform, higher margins, customer-patent benefits
  • API differentiation rests on complex chemistry plus complete data package (chemistry/manufacturing/controls), making customers sticky
Glenmark Life SciencesAPIpharma
Original description
What is in for you?
00:00 Introduction
01:20 About Glenmark Life Sciences
07:25 How Glenmark Life Sciences is different from others
11:08 CDMO opportunity 
13:46 Concentration Risk
18:18 Rawmaterial Risk
20:34 Opportunity in Peptites Business
24:56 Why your employees are leaving your company?
27:23 Golden Era for API Business
30:29 What investors can expect from IPO? 

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