Torrent Pharma inks agreement with Boehringer Ingelheim to acquire 3 anti-diabetes brands
The acquisition further strengthens Torrent’s existing diabetes care portfolio and its presence in the Oral Anti Diabetic market
The acquisition further strengthens Torrent’s existing diabetes care portfolio and its presence in the Oral Anti Diabetic market
e brings over 27+ years of rich pharmaceutical experience
Vonoprozan is a novel potassium-competitive acid blocker used for the treatment of acid related disorders
He will be responsible for leading all the activities related to the Research & Development (Formulations) Division of the company
The scheme is subject to statutory and regulatory approvals as may be necessary.
Empagliflozin is a novel sodium glucose co-transporter-2 (SGLT-2) inhibitor, which is useful for improving glycaemic control in adults with type-2 diabetes mellitus.
The consideration includes Rs. 115 crore (on the date of signing) of cash and cash equivalents in the acquired business indicating an Enterprise Value of Rs. 1,885 crore
The integration and transition of the brands are expected to be completed by June 2022.
The appraisal of the applications has been carried out based on the ranking methodology laid down in the operational guidelines of the Scheme
Subscribe To Our Newsletter & Stay Updated