Torrent Pharma expected to enter diagnostics space in next 2-3 months

Ahmedabad-based Torrent Pharmaceuticals is foraying into the diagnostics space after its peer Lupin started a similar venture last year.

A formal launch of Torrent’s diagnostics business is expected in the next two-three months, according to sources in the know. An email sent to the company remained unanswered.

Sources, however, indicate that Torrent Pharma has firmed up plans to enter the diagnostics business and has already started the recruitment process.

A company called Torrent Diagnostics Private Ltd was incorporated in February this year and has a Torrent Pharmaceuticals executive director as one of its directors.

“Recruitment of team members is on