Torrent to pay $324m for Elder's branded formulations business, beating fancier rivals

Torrent Pharmaceuticals has acquired the branded domestic formulations business of the Indian firm, Elder Pharmaceuticals, for INR20bn ($323.5m), ending months of speculation of an imminent deal and apparently pipping fancier suitors, such as Sanofi, along the way.

Torrent Pharmaceuticals has acquired the branded domestic formulations business of the Indian firm, Elder Pharmaceuticals, for INR20bn ($323.5m), ending months of speculation of an imminent deal and apparently pipping fancier suitors, such as Sanofi, along the way.

Torrent has entered into a definitive binding agreement with Elder to acquire its business in India and Nepal - the...

Scrip Podcast

Keep up with the top pharma business news of the week. On the go.

Scrip brings you a weekly bulletin of top picks.

More from Dermatological

More from Therapeutic Category