Towa’s New Overseas Business Boosted By COVID-19 Demand

Acquired Pensa Investment Assets

Japan’s Towa Pharmaceutical endured a mixed financial first quarter, seeing the April round of Japanese National Health Insurance pricing measures bite into domestic sales while its new overseas business thrived as COVID-19 pushed up demand.

Japan - Spain
Towa's new overseas business overachieved for both net sales and operating profit • Source: Shutterstock

Towa Pharmaceutical Co. Ltd’s. purchase of the Pensa Investments generics business from Spain’s Esteve exceeded expectations in the Japanese firm’s financial first quarter ended 30 June, overachieving for both net sales and operating profit in the wake of the COVID-19 pandemic.

Net sales of ¥9.96bn ($93.9m) for the international business were “above plan due to increased demand for pharmaceuticals as a...

Generics Bulletin Podcast

Stay ahead of every shift in generics and biosimilars.

Generics Bulletin brings you the latest updates that matter for the off-patent industry.

More from Earnings

Type:DisclosureDevelopments | Publication:GB | Section:Business | Paywall:Free — Article containing all Composer content for testing (Do not update)

 
• By 

Video provides a powerful way to help you prove your point. When you click Online Video, you can paste in the embed code for the video you want to add. You can also type a keyword to search online for the video that best fits your document.

ADHD

This is regarding ADHD.

GB-Business-Free-DisclosureDevelopments-The Secret to Walking More: It’s Not Counting Steps

 
• By 

We’ve all been told that walking 10,000 steps a day is the magic number for better health. But what if the real secret to walking more isn’t about counting steps at all? In this article, we explore how focusing on motivation, environment, and mindset can help you build a walking habit that lasts.

GB-Business-Free-Podcast-The Secret to Walking More: It’s Not Counting Steps

 
• By 

We’ve all been told that walking 10,000 steps a day is the magic number for better health. But what if the real secret to walking more isn’t about counting steps at all? In this article, we explore how focusing on motivation, environment, and mindset can help you build a walking habit that lasts.

More from Business

uygukgigo

 
• By 

Test

Podcast test

 
• By