The facility manufactures active pharmaceutical ingredients
Ahmedabad-based Torrent Pharma has acquired a manufacturing unit of Hyderabad-based Glochem Industries in Vishakhapatnam. The facility manufactures active pharmaceutical ingredients (API).
Torrent Pharma currently has five formulation manufacturing units and with this acquisition it has three API facilities for the regulated markets, in the near future. The Vishakhapatnam facility has four API manufacturing suites, a pilot plant and an R&D centre and has approvals from US FDA and EUGMP. Glochem Industries manufactures and markets APIs and drug intermediates. The company also involves in contract manufacturing of finished dosage formulations.
Glochem is planning to make a transition towards specialised products and advanced technologies and this transaction with Torrent Pharmaceuticals will allow the organisation to optimise its resources and redirect them towards this goal.
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