Articles tagged under: Pharma

Gujarat based multinational pharma major Torrent acquires US company Bio-Pharm Inc

January 18, 2018
Gujarat based multinational pharma major Torrent acquires US company Bio-Pharm Inc

Ahmedabad: Ahmedabad based multinational pharma major Torrent Pharmaceuticals Limited (Torrent) today, announced the acquisition of Bio-Pharm, Inc. (BPI) a generic pharmaceuticals and OTC Company, based in Levittown Pennsylvania, USA. Established in 1992, BPI has a proven track record in the research & development and manufacturing of oral solutions, suspensions and suppositories. Its 75,000 sq. ft US FDA registered facility has manufacturing capabilities for controlled subst...Read More

Gujarat based pharma major Torrent Pharma completes acquisition of branded formulation business of Unichem Labs

December 14, 2017
Gujarat based pharma major Torrent Pharma completes acquisition of branded formulation business of Unichem Labs

Ahmedabad: Gujarat based multinational pharma major Torrent Pharmaceuticals Limited (“TPL”) today completed acquisition of branded business of Unichem Laboratories Limited (“Unichem”) for India and Nepal, including its Sikkim manufacturing facility, on a going concern basis by way of slump sale. This transaction was in pursuance of the definitive binding agreement entered into between Torrent and Unichem on 3rd November, 2017. From today, Torrent begins the integrati...Read More

8th Edition of Pharmac India 2017 gets rolling in Gujarat

November 07, 2017
8th Edition of Pharmac India 2017 gets rolling in Gujarat

Ahmedabad: Gujarat has dispensed 1400 long pending cases under the Prevention of Food Adulteration Act (PFA) in a single day through special courts setting a benchmark for the entire nation, Dr. H. G. Koshia, Commissioner, Food & Drug Control Administration (Gujarat) said today. He was speaking at the inauguration of the 8th edition of Pharmac India 2017, one of the largest exhibitions dedicated to the pharmaceutical industry. He said that the fast disposal resulted in nearly Rs. 1.25 c...Read More

GST benefiting Pharma sector in Gujarat immensely, jump of around 8%, addition of 25,000 jobs by 2020: Shah

September 07, 2017
GST benefiting Pharma sector in Gujarat immensely, jump of around 8%, addition of 25,000 jobs by 2020: Shah

Ahmedabad: Gujarat, the number one state in Pharmaceutical manufacturing, with almost 32 to 33% share in Rs 2 lakh crore Pharma sector in India ( both domestic and exports) would immensely benefit from the Goods and Services Tax (GST) regime which was likely to catapult its share to around 40% by 2020 and generate 22 to 25 thousand more jobs in the sector, Chairman, Indian Drug Manufacturers Association-Gujarat State Board, Viranchi Shah today said. Addressing a press conference ...Read More

Alembic Pharma opens Rs 300 crore anti-cancer drug unit at Halol in Central Gujarat

July 14, 2017
Alembic Pharma opens Rs 300 crore anti-cancer drug unit at Halol in Central Gujarat

Vadodara: Rs 300 crore pharma unit of Alembic Pharmaceuticals Ltd(APL) for anti-cancer drug was inaugurated today by Chief Minister Vijay Rupani at Panelav in Halol taluka of Panchmahal district in Central Gujarat. The Chief Minister also dedicated RO plant for Panelav village set up by Alembic. He also inaugurated a Rs 71 lakh primary school building constructed under Sarva Shiskha Abhiyan. Speaking on this occasion Chairman of Alembic group of companies Chirayu Amin said the pharma unit inaugu...Read More

CID-crime raid factory in Mahesana, seizes illegally made cream, equipment worth Rs 50 lakhs

May 12, 2017
CID-crime raid factory in Mahesana, seizes illegally made cream, equipment worth Rs 50 lakhs

Gandhinagar: The CID-crime of Gandhinagar today raided a medicine manufacturing factory in neighbouring Mahesana district and seized illegally made cream and equipment used to prepare it worth over Rs 50 lakh. PI CID-crime D M Mishra, who led the team that raided the factory in Mandali village off Gandhinagar-Mahesana highway, said that the cream was made violating the copyright act. 'The factory used to manufacture medicines for different companies on order. But we received a complaint fr...Read More

Gujarat based Torrent Pharma acquires brands from Switzerland based global player Novartis AG

May 08, 2017
Gujarat based Torrent Pharma acquires brands from Switzerland based global player Novartis AG

Ahmedabad: Ahmedabad based Multinational Pharmaceutical company Torrent Pharma, today announced that it has completed the acquisition of Regestrone and Pregachieve brands for India from global Pharma player Novartis AG of Switzerland. Executive Director of the company Jayesh Desai said that these brands were widely prescribed by Gynaecologists for the management of Abnormal Uterine bleeding, Peri & Post- menopausal symptoms and Infertility. ''Women Healthcare is an important the...Read More

After Torrent Pharma, Torrent Power also sees big decline in net profit in Q3

February 09, 2017
After Torrent Pharma, Torrent Power also sees big decline in net profit in Q3

Ahmedabad: The Ahmedabad-based Torrent Power Limited has registered a decline of around 70% in its net profit during the third quarter of the current fiscal. The Pharma wing of the company ie Torrent Pharmaceuticals Limited, had also registered a drop of over 22 % in its net profit in Q 3 of this fiscal. In its financial results for the third quarter announced today, Torrent power has mentioned that its Q 3 net profit has come down to Rs 106.66 crores from Rs 359.08 crores o...Read More

Torrent Pharma net profit falls by over 22% during Q3

February 03, 2017
Torrent Pharma net profit falls by over 22% during Q3

Ahmedabad: Ahmedabad based Pharmaceuticals major, Torrent Pharmaceuticals Limited, has registered a drop of over 22 % in its net profit during the third quarter of the current fiscal with a figure of Rs 229 crores as against Rs 290 crores during the same period last year. The high lights of the Q3 financial result of the company released today is as following - For Q3 FY 2016-17 revenues were at Rs. 1443 crores as against Rs. 1542 crores during the same period last year. EBIDTA for ...Read More

USFDA report on Halol unit to be positive in long-term: Sun Pharma

December 19, 2016
USFDA report on Halol unit to be positive in long-term: Sun Pharma

Vadodara:Pharma major Sun Pharma has said the US health regulator's audit report on its plant at Halol in Gujarat will have a positive impact on the company in the long-term. The company's Halol facility recently underwent an inspection by the US Food and Drug Administration (USFDA). After the inspection, the American health regulator issued an observation letter to Sun Pharma. "We have received the audit report of the Halol facility from the USFDA. I think, in the long-term this action...Read More

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