Gland Pharma rises on getting nod for Olopatadine Hydrochloride Ophthalmic Solution USP, 0.7% (OTC) [Healthcare]
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TL;DR
Gland Pharma has received approval for its over-the-counter Olopatadine Hydrochloride Ophthalmic Solution USP, 0.7%. The company, originally incorporated in 1978 as a private limited entity, was renamed and converted to a public limited company in 1995.
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Pharmaceuticals & DrugsHealthcare
The company was incorporated as Gland Pharma Private Limited, a private limited company, at Hyderabad under the Companies Act, 1956 on March 20, 1978 and was granted the certificate of incorporation by the Registrar of Companies, Andhra Pradesh at Hyderabad. Subsequently, the name of the company was changed to Gland Pharma Limited pursuant to a special resolution passed by the shareholders of the Company on December 5, 1994, and a fresh certificate of incorporation dated April 25, 1995 was issued by the Registrar of Companies, Andhra Pradesh at Hyderabad consequent upon change of name and conversion into a public limited company under the Companies Act, 1956.