Torrent Pharmaceuticals is reportedly in advanced discussion to acquire bulk drugs supplier Glochem Industries for about Rs 300 crore. Glochem is a medium-sized company that makes bulk drugs or active ingredients, which are used as raw material for medicines. The privately held company owns a few USFDA-approved sites in Hyderabad and Vizag where oral bulk actives are manufactured.
Torrent Pharmaceuticals is Flagship Company of the Torrent group, a leader in cardiovascular and central nervous system segments. It also has presence in gastro-intestinal, diabetology, anti-infective and pain management segments.
