October 15, 2019 / 7:39 AM / a month ago

Takeda sells Mideast, Africa drugs to Switzerland's Acino for around $200 mln

TOKYO, Oct 15 (Reuters) - Japan’s Takeda Pharmaceutical Co Ltd said on Tuesday it will sell a portfolio of over-the-counter (OTC) and prescription medicines in the Middle East and Africa to Swiss pharmaceuticals company Acino for more than $200 million.

The sale, which Takeda said in a statement is expected to close in the quarter ending March, comes as Japan’s biggest drugmaker looks to trim its debt following the $59 billion purchase of Shire. (Reporting by Sam Nussey, editing by Louise Heavens)

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