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Towa Expects To Grow By Over A Third With Pensa

Sees 5% Annual Increase On The Back Of New Launches

 
• By Akriti Seth

Towa says it expects consolidating the Pensa business it acquired earlier this year to boost its sales by more than a third in its current financial year. Meanwhile, the Japanese firm has reported sales ahead by 5% in the year ended March 2020 on the back of new launches, as well as growth in profits despite local price cuts.

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Towa expects the Pensa acquisition to lift next year’s total by 35.9% • Source: Shutterstock

Towa Pharmaceutical expects its recent acquisition of the Pensa Investments generics business from Spain’s Esteve to boost its turnover by more than a third in its current financial year ending March 2021, albeit with Pensa contributing only marginally to the Japanese firm’s operating profit.

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