Cadila Healthcare, Torrent Reportedly In Early Merger Talks
This article was originally published in PharmAsia News
Executive Summary
Cadila Healthcare and Torrent Pharmaceuticals are said by sources to have begun negotiating a merger that would make the combination India's third-largest pharma seller, behind Dr. Reddy's Laboratories and Sun Pharmaceuticals.
Cadila Healthcare and Torrent Pharmaceuticals are said by sources to have begun negotiating a merger that would make the combination India's third-largest pharma seller, behind Dr. Reddy's Laboratories and Sun Pharmaceuticals. Cadila denied the talks, and Torrent did not respond. Sources said the marriage would be attractive to each since they have diverse portfolios, Cadila in drugs for acute illnesses, Torrent in the chronic sector, plus a strong presence in Latin America. (Click here for more)
"Cadila Health, Torrent Pharma Mulling Merger: Sources" - Economic Times (India) (9/5/2013)