IFC extends $40m loan to India's Glenmark to boost generic drug capacity amid COVID-19

IFC extends $40m loan to India's Glenmark to boost generic drug capacity amid COVID-19

IFC/World Bank HQ. Photo: IFC

International Finance Corporation (IFC), the private sector arm of the World Bank Group, is extending a $40 million loan to the Mumbai-based pharmaceutical manufacturer Glenmark, according to an announcement.