Chugai sheds older products to focus on innovation
Japan’s Chugai Pharmaceutical (TYO: 4519) is to sell 13 so-called long-listed products - branded drugs that are no longer patent protected - to fellow Tokyo-based firm Taiyo Pharma.
Chugai, which is majority-held by Swiss drugmaker Roche (ROG: SIX), described the deal as part of a strategic aim to focus on innovation.
The company says it is seeking to “optimize investment in business segments and products with potential to enhance the company’s competitive advantage.”
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