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Torrent’s $245m Curatio Deal Gives Pole Position In Fast-Growing Cosmetic Dermatology

Overall Rank No.7 In Indian Market

 
• By Vibha Ravi

Torrent’s $245m acquisition of Curatio Healthcare has moved it up a rank to No.7 in the overall Indian pharmaceutical market apart from making it the market leader in cosmetic dermatology. While it’s a pricey deal, factors like growing prevalence of skin diseases and shift towards e-commerce bode well for future revenue growth in a nascent market

A Complementary Acquisition
Curatio Acquisition Complements Torrent's Portfolio • Source: Shutterstock

Just three months after buying a few brands from Dr. Reddy's Laboratories Ltd., Torrent Pharmaceuticals Ltd. has struck a INR20bn ($245m) deal to acquire 100% of Curatio Healthcare (India) Pvt Ltd.

The rather pricey transaction in enterprise value (EV)/sales terms comes at a time when Indian pharma companies have been facing tough competition in the US and have turned to the domestic market for

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