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Torrent Pharma plans to acquire Glochem Industries to scale business

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Torrent Pharmaceuticals Limited, Ahmedabad-based pharma company ranked amongst the top pharma companies of India,    is reportedly in advanced talks to buy bulk drugs supplier Glochem Industries for about Rs 300 crore to significantly ramp up its businesses.

Glochem Industries is a medium-sized company that makes bulk drugs, or active ingredients, which are used as raw material for medicines. The privately held company owns a few United States Food and Drug Administration (USFDA) approved sites in Hyderabad and Visakhapatnam where oral bulk actives are manufactured.

Torrent Pharma could use Glochem Industries’ FDA-approved sites as “building blocks”.

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