Based in the Indian city of Ahmedabad, Gujarat, Torrent Pharmaceuticals Ltd., announced the acquisition of the generic pharmaceuticals and over-the-counter drug maker, Bio-Pharm, Inc. based in Levittown Pennsylvania.
Established in 1992 Bio-Pharm, Inc., has a proven track record in research and development and in the manufacturing of oral solutions, suspensions, and suppositories.
“This acquisition is an important step for increasing Torrent’s presence in the United States, is consistent with our strategy of dosage form diversification, and provides us with new capabilities including manufacturing and R&D presence in the US,” the company said. Torrent plans further investments to expand Bio-Pharm’s facilities and will increase the number of product filings from Bio-Pharm.
