Towa’s New Overseas Business Boosted By COVID-19 Demand

Acquired Pensa Investment Assets

Japan’s Towa Pharmaceutical endured a mixed financial first quarter, seeing the April round of Japanese National Health Insurance pricing measures bite into domestic sales while its new overseas business thrived as COVID-19 pushed up demand.

Japan - Spain
Towa's new overseas business overachieved for both net sales and operating profit • Source: Shutterstock

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