Torrent buys way into controlled substances

Torrent Pharmaceuticals has ventured into the US controlled substances sector by paying an undisclosed fee for local generics and OTC player Bio-Pharm Inc (BPI). “This acquisition is an important step for increasing Torrent’s presence in the US, is consistent with our strategy of dosage-form diversification, and provides us with new capabilities, including manufacturing and research and development presence in the US,” the Indian company commented.

Torrent Pharmaceuticals has ventured into the US controlled substances sector by paying an undisclosed fee for local generics and OTC player Bio-Pharm Inc (BPI). “This acquisition is an important step for increasing Torrent’s presence in the US, is consistent with our strategy of dosage-form diversification, and provides us with new capabilities, including manufacturing and research and development presence in the US,” the Indian company commented.

“Established in 1992,” Torrent explained, “BPI has a proven track record in the research, development and manufacturing of oral solutions,...

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Generics Bulletin for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required

More from Deals

Alvotech Boosts Packaging Abilities With Ivers-Lee Acquisition

 
• By 

Alvotech has acquired long-time partner Ivers-Lee to expand its in-house capacity for assembly and packaging ahead of key planned biosimilar launches in 2025, strengthening operational control and supporting global growth.

Lupin And Zentiva Throw Hat Into The Ring On Biosimilar Cimzia

 
• By 

The announcement by Lupin and Zentiva of a development and commercialization deal on a certolizumab pegol biosimilar candidate has revealed a new potential challenger to Alvotech’s AVT10, previously thought to be the only Cimzia rival in development.

China’s Qilu Looks To US Hospitals Market With Sagent Injectables Collaboration

 
• By 

Sagent and Qilu will look to enhance access, reduce treatment costs, and strengthen supply chains after striking an alliance for a portfolio of the Chinese firm’s complex injectables.

Bio Usawa To Market Formycon’s Lucentis Biosimilar In Sub-Saharan Africa

 

Bio Usawa’s CEO said access to advanced biologics should not be a privilege of geography or income, as it prepares to launch Formycon/Bioeq’s ranibizumab biosimilar in Africa.

More from Business

Bakers And Fishermen: How Biosimilars Manufacturers Are Bridging The Skills Gap

 
• By 

At Medicines for Europe’s annual conference in Brussels, executives from Polpharma Biologics and Gedeon Richter spoke about the challenges in finding biosimilars manufacturing staff with the right backgrounds – and how they are looking to other industries to bridge the skills gap.

Lupin And Zentiva Throw Hat Into The Ring On Biosimilar Cimzia

 
• By 

The announcement by Lupin and Zentiva of a development and commercialization deal on a certolizumab pegol biosimilar candidate has revealed a new potential challenger to Alvotech’s AVT10, previously thought to be the only Cimzia rival in development.

China’s Qilu Looks To US Hospitals Market With Sagent Injectables Collaboration

 
• By 

Sagent and Qilu will look to enhance access, reduce treatment costs, and strengthen supply chains after striking an alliance for a portfolio of the Chinese firm’s complex injectables.