Torrent Pharma to acquire Curatio for Rs 2,000 crore

Chennai, Sep 27 (IANS) The Rs 6,742 crore income Deluge Drugs Ltd has inked a conclusive consent to obtain city-based Curatio Medical services (I) Confidential Ltd for a thought of Rs 2,000 crore.
In an administrative recording, Downpour Drugs said that the Rs 224 crore Curatio has areas of strength for an in the corrective dermatology fragment with an arrangement of north of 50 brands, marketed in India.

The buy thought will be a blend of Rs 115 crore endlessly cash reciprocals in the procured business showing an Endeavor Worth of Rs 1,885 crore.

The procurement offers a chance to upgrade its presence in dermatology with a separated portfolio and is serious areas of strength for a fit, Deluge Drugs said.

With this procurement, Downpour Drugs will add a field power of 600 clinical delegates and a dispersion organization of 900 stockists