Glenmark Therapeutics Inc., USA, a subsidiary of Glenmark Pharmaceuticals Ltd., has introduced Polyethylene Glycol 3350, Powder for Solution, 17 grams/capful (OTC) in the United States. The product is a generic equivalent of MiraLAX® Powder for Solution by Bayer HealthCare LLC, which is widely used as an osmotic laxative for occasional constipation.
According to reports for a 52-week period ending February 22, 2025, the MiraLAX® Powder for Solution market recorded annual sales of approximately $555.7 million. Glenmark’s entry into this segment comes as an additional supply source in the over-the-counter laxative category.
Polyethylene Glycol 3350 works as an osmotic laxative, drawing water into the colon and aid bowel movements. It is available as an over-the-counter (OTC) product, allowing consumers to access it without a prescription.
Marc Kikuchi, President & Business Head, North America at Glenmark, stated: “We are excited to announce the launch of Polyethylene Glycol 3350, Powder for Solution, 17 grams/capful, addressing the growing demand for a new supplier in this category.”
Glenmark Pharmaceuticals operates in over 80 countries with 11 manufacturing facilities across four continents. The company reported a net profit of ₹348 crore in Q3 FY25, compared to a net loss of ₹449.6 crore in Q3 FY24. Revenue from operations grew 35.1% year-on-year (YoY) to ₹3,387.6 crore for the quarter ending December 31, 2024.
As of March 10, 2025, at 10:50 AM, Glenmark Pharmaceuticals Ltd. was trading at ₹1,398.15, down ₹6.25 (0.45%) for the day. Over the past six months, the stock has declined by 19.08%, but it remains up 46.36% over the past year.
In conclusion, Glenmark’s Polyethylene Glycol 3350, Powder for Solution will now be available in the U.S. OTC market as a generic alternative to MiraLAX®.
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Published on: Mar 10, 2025, 3:11 PM IST
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