Step 1: Osmotic pressure is given by the relation
\[
\pi = MRT
\]
where \( \pi \) is osmotic pressure, \( M \) is molarity, \( R \) is gas constant, and \( T \) is absolute temperature.
Step 2: Given:
\[
\pi = 7.65\,\text{atm}, \quad T = 37^\circ\text{C} = 310\,\text{K},
\]
\[
R = 0.0821\,\text{L atm mol}^{-1}\text{K}^{-1}.
\]
Step 3: Rearranging the formula,
\[
M = \frac{\pi}{RT}.
\]
Step 4: Substituting values,
\[
M = \frac{7.65}{0.0821 \times 310}
= \frac{7.65}{25.45}
\approx 0.30.
\]
Hence, the required molarity is
\[
\boxed{0.30\,\text{M}}.
\]