January 4, 2018 / 2:42 AM / 17 days ago

BRIEF-Sawai Pharmaceutical completes sale of 20 pct stake in Upsher-Smith Laboratories

Jan 4 (Reuters) - Sawai Pharmaceutical Co Ltd :

* Says 20 percent stake in Upsher-Smith Laboratories LLC, which was wholly owned by co’s unit SAWAI AMERICA, LLC, has been transferred to SUMITOMO CORP’s wholly owned US-based unit Sumitomo Corporation of Americas, on Jan. 3

* Transaction amount is $211 million (about 23.2 billion yen)

Source text in Japanese: goo.gl/oEYvUe

Further company coverage: (Beijing Headline News)

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