Announced
Financials
Tags
Private
Private Equity
pharmaceutical manufacturing
Acquisition
Majority
Domestic
health care company
Pending
Single Bidder
cosmetic dermatology
Friendly
India
Pharmaceuticals
Synopsis
Torrent Pharma, an Indian multinational pharmaceutical company, agreed to acquire Curatio Health, a dermatology company, from Sequoia Capital, a venture capital firm, for $245m. "We are delighted to enter into this deal with Curatio. The acquisition offers Torrent the opportunity to enhance its presence in dermatology with a differentiated portfolio and is a strong strategic fit. Curatio has built a commendable set of high market share brands in cosmetic and pediatric dermatology that we look forward to adding to our product offerings," Aman Mehta, Torrent Pharmaceuticals Director.
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