Torrent Pharmaceuticals, one of the leading pharma companies of the country, has entered into a binding agreement to acquire the Vizag API manufacturing unit of Hyderabad-based Glochem Industries’ along with a few Drug Master Files (DMF) as a going concern on slump sale basis. The company currently has five formulation manufacturing units and with this acquisition it will have 3 API facilities for the regulated markets.
The API unit approved by the USFDA and the European regulatory authorities is a multi-product facility, with a capacity to manufacture Advance Intermediates & Active Pharmaceutical Ingredients (APIs). This will be beneficial in company’s growth trajectory. The acquisition will help Torrent Pharma in vertically integrating its Abbreviated New Drug Application (ANDA) filings in the future.
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.
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|---|---|
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| Cipla | 1238.30 |
| Zydus Lifesciences | 942.55 |
| Lupin | 2324.25 |
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