Torrent Pharma acquires Brands from Novartis AG

Ahmedabad based Torrent Pharma, today announced that it has completed the acquisition of Regestrone and Pregachieve brands for India from global Pharma player Novartis AG, Switzerland. These brands are widely prescribed by Gynaecologists for the management of Abnormal Uterine bleeding, Peri & Post - menopausal symptoms and Infertility.

Women Healthcare is an important therapy area for Torrent Pharma, which it intends to focus in the future. With acquisition of key brands of Elder like Shelcal and Deviry, impetus on this therapy area has also increased. Regestrone and Pregachieve will further fortify the Hormone Segment. The use of Hormones amongst the Gynaecologists is on an increase because of lifestyle changes.

This acquisition would reaffirm Torrent's commitment towards the key important therapy of women healthcare.

Shares of TORRENT PHARMACEUTICALS LTD. was last trading in BSE at Rs.1285.5 as compared to the previous close of Rs. 1294.45. The total number of shares traded during the day was 8685 in over 1187 trades.

The stock hit an intraday high of Rs. 1332.9 and intraday low of 1282. The net turnover during the day was Rs. 11259934.

Source : Equity Bulls

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