Torrent is recalibrating strategy with the addition of chronic therapies from Dr. Reddy’s while it folds up an unsustainable liquids business in US. The latter resulted in the company reporting a Q4 loss but a timely bonus share issue propped up investor sentiment.
Torrent Is Adding And Removing Pieces Of Business As It Pursues Growth • Source: Shutterstock
Torrent Pharmaceuticals Ltd. has added to its portfolio four brands - Styptovit-E, Finast, Finast-T and Dynapres – from compatriot Dr. Reddy's Laboratories Ltd. in a move aimed at strengthening its chronic and sub-chronic portfolio.
While the company did not disclose the acquisition cost, three of the four drugs are used in the treatment of...
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