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  • Dr Reddys to sell...

Dr Reddys to sell Finast, Styptovit-E and 2 other brands to Torrent Pharma

Ruchika SharmaWritten by Ruchika Sharma Published On 2022-05-27T12:21:22+05:30  |  Updated On 27 May 2022 12:21 PM IST
Dr Reddys to sell Finast, Styptovit-E and 2 other brands to Torrent Pharma
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As per the terms of the definitive agreement, Torrent Pharma will take over the manufacturing, marketing and distribution of these brands in India.

Ahmedabad: Ahmedabad-based, Torrent Pharmaceuticals, has recently announced that the company has entered into an agreement with Dr. Reddy's Laboratories Ltd. to acquire four of its brands "Styptovit-E", "Finast", "Finast-T", and "Dynapress".

"Styptovit-E, a gynaecology product with an estimated market size of ~Rs. 500 crores (AIOCD data set), will further strengthen Torrent's presence in the therapy. The acquisition of "Finast", "Finast-T", and "Dynapress", which are used in the treatment of Benign Prostatic Hyperplasia (BPH), will aid in Torrent's presence in the Urology therapy.," the release stated.

As per the terms of the definitive agreement, Torrent Pharma will take over the manufacturing, marketing and distribution of these brands in India. The complete integration and transition of the brands are expected to be completed by June 2022.

Read also: Dr Reddys, Senores Pharma unveil Ketorolac Tromethamine Tablets in US

Torrent Pharma, with annual revenue of more than Rs. 8,500 crores, is the company of the Torrent Group, with group revenue of more than Rs. 20,000 crores. It is a specialty-focused company with 74%+ of its revenue in India from chronic & sub- chronic therapies. The company has presence in 40 countries. Torrent has 7 manufacturing facilities, of which 4 are USFDA approved. With R&D as the backbone for its growth in domestic & overseas market, it has invested significantly in R&D capabilities with state-of-the-art R&D infrastructure employing approximately 750+ scientists.

Read also: Dr Reddys Labs, HK inno.N Corporation ink pact to commercialize Tegoprazan in India, 6 key emerging Markets

Dr. Reddy's Laboratories Ltd. is an integrated pharmaceutical company headquartered in Hyderabad, Telangana, India. Its major therapeutic areas of focus are gastrointestinal, cardiovascular, diabetology, oncology, pain management, and dermatology. Dr. Reddy's operates in markets across the globe. The company's major markets include - USA, India, Russia & CIS countries, and Europe.

Read also: Sun Pharma arm buys Fiterman Pharma Uractiv portfolio

Torrent PharmaTorrent Pharma newsacquisitionStyptovitEFinastDynapressBenign Prostatic Hyperplasiadr reddysdr reddys labsdr reddys labs news
Ruchika Sharma
Ruchika Sharma

    Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

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