BRIEF—UCB divesting mature product portfolio in China
Belgium’s largest drugmaker UCB announced a strategic divestment deal in China, underscoring its strategic shift towards innovation and partnership in one of the world’s fastest-growing pharmaceutical markets.
This transaction involves the sale, divestment and license of UCB’s mature business (neurology and allergy) in China, and the Zhuhai manufacturing site, to CBC Group, Asia’s largest healthcare-dedicated asset management group, and Mubadala, the Abu Dhabi based investment company, for an amount of $680 million.
This medicine portfolio, consisting of well-established and trusted solutions, continues to deliver value and reliability to patients in China, said UCB.
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