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Pharma | AstraZeneca signs drug supply deal with Torrent

Pharma | AstraZeneca signs drug supply deal with Torrent
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First Published: Fri, Mar 12 2010. 01 15 AM IST
Updated: Fri, Mar 12 2010. 11 19 AM IST
Mumbai: European drug maker AstraZeneca SA on Thursday said it has signed a license and supply agreement with Ahmedabad-based Torrent Pharmaceuticals Ltd, under which Torrent will supply generic medicines for which it has licenses in global markets.
Under the agreement with Torrent, AstraZeneca will initially purchase the licenses and market authorizations for 18 products in nine countries, and will have the option to add further products and new countries.
Also, Torrent will manufacture the medicines under AstraZeneca’s quality and process standards. The financial terms of the deal have not been disclosed.
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First Published: Fri, Mar 12 2010. 01 15 AM IST