Glenmark launched Remogliflozin, indicated in the treatment of Type 2 Diabetes Mellitus in adults under the brand names Remo and Remozen
While it continues to work on integrating Unichem in its specialty model, Torrent Pharma will focus on overseas geographies like US, Brazil and Germany
The Ahmedabad-based pharma company plans to launch its first product from Bio-Pharm stable this quarter in the US; Unichem MR attrition rate has halved in the hope of a turnaround
Acquisition of BPI helps the company to enter a limited competition category
For Unichem investors, larger gains will accrue if international business grows fast
At Rs 3,600 crore, Torrent is paying 4.2 times its revenue for this acquisition
What makes Unichem lucrative to potential buyers is that only 10-12 per cent of its domestic drug portfolio comes under the National List of Essential Medicines
In 2015-16, the company's revenue in Brazil had declined 17% to Rs 506 crore
The stock slipped 11% to Rs 1,400 on the BSE in intra-day trade
The firm plans to launch 10 new products in the US in 2016
The stock moved higher by 4% to Rs 1,307 on the BSE.