#Torrent 9 biz torrent

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#Torrent 9 biz torrent

Torrent Pharma's competitive advantage stems from the world-class manufacturing facilities, advanced R & D capabilities, extensive domestic network and a widespread global presence in over 40 understands that your privacy is important to you and we are committed for being transparent about the technologies we use. The company has significant presence in diabetology, pain management, gynaecology, oncology and anti-infective segments. Torrent Pharma, the flagship company of Torrent Group is one of the leading pharma companies. The company also spent Rs.136 crore in research and development (R&D) for the quarter. The company has 8 manufacturing facilities (7 in India and 1 in US), of which 5 are the US Food and Drug Administration (FDA) approved. The first quarter also saw three abbreviated new drug applications (ANDAs) being filed, with total 34 ANDAs pending approval and 11 tentative approvals have been received as on June 30, 2019. The company's India business grew by 9 per cent year-on-year (YoY) to Rs.907 crore in the first quarter, while US revenues were up by 13 per cent to Rs.376 crore. Earnings before interest, taxes, depreciation and amortization (EBITDA) margins also improved to 27% compared to 26% in FY 19. The revenue for the first quarter stood at Rs.2,022 crore, an increase of 8 per cent year on year as against Rs.1,872 crore for the corresponding period last year. The company recently announced that it has received a communication from the US Food and Drug Administration (FDA) classifying the inspection conducted at its Indrad facility in April, 2019 as Official Action Initiated (OAI).ДЇor the quarter ended June 30, 2019, the company's consolidated net profit rises 33 per cent to Rs.216 crore as against Rs.163 crore for the corresponding period last year. The company will be investing Rs.350 -400 crores for next couple of years,' the company added. We will also continue to increase our scale and diversity of product offering in these key markets.

The company further added, 'We continue to remain focussed on our key geographies such as India, Brazil, US and Germany. 'The company's endeavor is to outperform the market growth across territories, backed by its specialty driven approach and brand building in branded generic market and strengthening of product pipeline for generic markets,' the company said. вЂњThe new product launches in India should continue contributing 2% to the overall growth, вЂњthe company added.

Saturday, September 21, 2019, 08:00 Hrs ДЄhmedabad-based Torrent Pharma is planning to launch 12-15 products in US and Germany and also plans to launch 1-2 products in Brazil. Torrent Pharma plans to launch 12-15 products in US and Germany You can get e-magazine links on WhatsApp.