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Exclusive: Torrent Pharma buying select products of Novartis in India

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Ahmedabad-based drugmaker Torrent Pharmaceuticals Ltd has agreed to acquire some of the products of global healthcare company Novartis in India, VCCircle has learnt. This is in line with the growing trend of drug companies looking to sell their assets that they view as non-core to focus on more profitable products. This has therefore driven a bunch of strategic deals in the pharmaceuticals space both in the domestic and international markets involving even a string of Indian drug firms including Sun Pharmaceuticals Industries Ltd. Analysts have told VCCircle that this trend is expected to continue this year as well and the...

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Novartis AG is engaged in the research, development, manufacture and marketing of healthcare products worldwide. Its Pharmaceuticals division is engaged in the research, development, manufacture, distribution and sale of pharmaceuticals in various therapeutic areas, including cardiovascular and metabolism, oncology, neuroscience and ophthalmics, respiratory and immunology and infectious diseases. The company’s vaccines and diagnostics division offers preventive vaccine treatments and diagnostic tools. It provides influenza, meningococcal, pediatric and traveler vaccines and blood testing and molecular diagnostics to prevent the spread of infectious diseases. The company’s sandoz division offers drugs, as well as pharmaceutical and biotechnological active substances. This division provides active ingredients and finished dosage forms of pharmaceuticals, anti-infectives, protein or biotechnology-based products and biotech manufacturing to other companies. Its Consumer Health division consists of three business units: over-the-counter medicines, animal health and CIBA Vision. OTC offers over-the-counter self medications. Animal health provides veterinary products for farm and companion animals. CIBA Vision manufactures contact lenses and lens care products. Novartis AG was founded in 1996 and is based in Basel, Switzerland.

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