Torrent Pharma to acquire Glochem's Vizag-based facility

New Delhi, Jun 30 ()

Torrent Pharmaceuticals

today said it has inked a pact to acquire

Glochem Industries

' Vizag-based manufacturing facility along with some drug master files. The company has entered a binding agreement to acquire the

Vizag API

manufacturing unit of Hyderabad-based

Glochem

Industries along with a few drug master files (DMF) as a going concern on slump sale basis,

Torrent Pharma

said in a regulatory filing. "Acquisition of this site will further help in backward integration and scale up Torrent's manufacturing capacity to meet the growing demand from the international markets," Torrent

Pharma

Executive Director (Operations)

Jinesh Shah

said. A DMF is a confidential, detailed document submitted by active pharmaceutical ingredient (API) manufacturers to the

US Food and Drug Administration

(

FDA

). It contains the chemistry, manufacturing and controls of a drug component. Ahmedabad-based Torrent Pharma has five formulation manufacturing units, and with the latest acquisition it will have three API facilities for the regulated markets. The unit is approved by the

USFDA

and the European regulatory authorities. It is a multi product facility with a capacity to manufacture advanced intermediates and APIs. The facility has three blocks for advanced intermediate manufacturing and four blocks for API manufacturing. The plant also has capabilities for on site development, analytical method development, quality control laboratory and a pilot plant. Torrent stock was trading at Rs 1,367.95, up 1.24 per cent, on

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