Japanese generics giant Sawai is pulling out of the US market, agreeing a deal to divest its Upsher-Smith business to Taiwan’s Bora Pharmaceuticals in a deal worth a little over $200m. As Sawai explained its rationale for the move, Bora pointed to “significant opportunities” for its TWi commercial prescription unit arising from the acquisition.
Sawai Pharmaceutical has agreed to sell its Upsher-Smith Laboratories business to Taiwan’s Bora Pharmaceuticals in a deal worth up to $210m, bringing to an end a near seven-year sojourn in the US market for the Japanese generics giant.
Announcing the divestment – which is subject to customary regulatory approvals – Sawai cited factors including buyer consolidation and competition...
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