AstraZeneca advances into emerging markets with Torrent deal

AstraZeneca is linking up with Indian group Torrent Pharmaceuticals to boost its presence in emerging markets.Astra will initially buy 18 products from generic drug manufacturer Torrent and brand and market them in nine countries. Other medicines and countries may be added later. The motivation for the deal becomes clear from Astra's forecast that "the emerging markets are forecast to contribute 70% of pharmaceutical industry growth in the next five years, and branded generics represent approxim...

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