Glenmark – Will Innovation Pay?

Appreciate your updates on Glenmark.

But Glenmark hasn’t had much success in out licensing till date. I don’t think management calling their own asset as transformational or once in a lifetime in itself has as much significance. Although Ichnos has been discussed in every concall since a number of years, there hasn’t yet been anything concrete. Even if we agree that these things take time, if the assets were truly valuable, there could atleast have been some progress on raising money at Ichnos.
Views invited as to if/when Ichnos will actually amount to something.

Thanks.