Torrent’s $245m acquisition of Curatio Healthcare has moved it up a rank to No.7 in the overall Indian pharmaceutical market apart from making it the market leader in cosmetic dermatology. While it’s a pricey deal, factors like growing prevalence of skin diseases and shift towards e-commerce bode well for future revenue growth in a nascent market
Just three months after buying a few brands from Dr. Reddy's Laboratories Ltd., Torrent Pharmaceuticals Ltd. has struck a INR20bn ($245m) deal to acquire 100% of Curatio Healthcare (India) Pvt Ltd.
The rather pricey transaction in enterprise value (EV)/sales terms comes at a time when Indian pharma companies have been facing...