1. Generics Bulletin

Sawai’s Upsher-Smith Gets New Leadership Amid ‘Drastic Restructuring’

New CEO And President Appointed After Japanese Firm Records Impairment For US Unit

 
• By Dave Wallace

A major overhaul is in progress for Sawai’s Upsher-Smith business, after the Japanese parent company announced leadership changes and a “drastic restructuring” of the US unit in the wake of a significant impairment charge and a hefty annual operating loss that dragged down Sawai’s overall results.

USA Japan flags jigsaw pieces
Japan’s Sawai is looking to overhaul its US Upsher-Smith unit • Source: Shutterstock

Sawai’s US Upsher-Smith business is now under new management as part of a “drastic restructuring” of the unit announced by the Japanese parent company, in the wake of disappointing annual results that included a major impairment loss of ¥68.8bn ($533m) linked to competitive pressures in US generics.

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