Torrent acquires Zyg Pharma

Published on May 06, 2015 14:58:33 PM
Business
In a strategic move, Torrent Pharmaceuticals Limited has entered in to share purchase agreement to acquire 100% stake in Zyg Pharma Private limited with board of directors approval.

With this acquisition, Torrent Pharma aims to diversify in to new therapy segments and strengthen its presence in niche dermatological segment especially in US and Europe.

The financial details are not disclosed and the deal is expected to finish by August 2015.