- 05 Dec 2024
- ICICI Securities
TORRENT PHARMA TO ACQUIRE 3 ANTI-DIABETES BRANDS FROM BOEHRINGER INGELHEIM
News: Torrent Pharmaceuticals has entered into an agreement to acquire brands Cospiaq (empagliflozin) Cospiaq Met (empagliflozin + metformin) and Xilingio (empagliflozin + linagliptin) from Boehringer Ingelheim International GmbH (BI). The acquisition is expected to be completed in March 2025 and Torrent has been marketing these brands since 2022 as part of an existing co-marketing agreement with Boehringer Ingelheim India. Empagliflozin is a novel sodium glucose co-transporter-2 (SGLT-2) inhibitor which is indicated for glycemic control in adults with type 2 diabetes mellitus. The market for SGLT-2 inhibitors is valued at ₹3,235 crore.
Views: Torrent Pharmaceuticals has entered into an agreement to acquire brands Cospiaq (empagliflozin) Cospiaq Met (empagliflozin + metformin) and Xilingio (empagliflozin + linagliptin) from Boehringer Ingelheim International GmbH (BI). The acquisition is expected to be completed in March 2025 and Torrent has been marketing these brands since 2022 as part of an existing co-marketing agreement with Boehringer Ingelheim India. Empagliflozin is a novel sodium glucose co-transporter-2 (SGLT-2) inhibitor which is indicated for glycemic control in adults with type 2 diabetes mellitus. The market for SGLT-2 inhibitors is valued at ₹3,235 crore.
Impact: Positive