Towa Profits Take 87% Nosedive In Face Of Increased Costs

Firm Has Further Lowered Its Annual Estimates Following November Revision

Japanese generics firm Towa has seen its profits slashed as increased expenses stemming from its acquisition of Sunsho Pharmaceutical decimated its bottom line in Q3.

Aeroplane crashing
Analysts had previously expressed concerns around the Sunsho acquisition • Source: Shutterstock

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