Torrent Completes Acquisition of Zyg Pharma

Torrent Pharmaceuticals Limited has completed the 100% acquisition of Zyg Pharma Private Limited, a company engaged in manufacturing various dermatological formulations like creams, ointments, gels and lotions.

Zyg Pharma is part of the Encore Group, promoted by the Merchant family and has been involved in the specialty pharmaceutical business for over 50 years. The manufacturing facility is located at Pithampur, Indore, India and is approved by various regulatory authorities including the U.S. FDA and TGA Australia. The company has capabilities for on site development, analytical methods development and QC laboratory with separate areas for chemical, instrumental and micro sections.

In line with its strategy to diversify into new therapy segments, the acquisition will help Torrent to strengthen its position in niche dermatological segments especially in the developed markets of the U.S. and Europe. The company has been a manufacturing partner to several international companies in India and it has also built a successful international business through partners in regulated markets as well as in emerging markets.