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Bristol-Myers Squibb Sells French Consumer Health Unit UPSA To Taisho For $1.6bn

 
• By Sten Stovall

Bristol-Myers Squibb has joined the big pharma trend of divesting non-core assets to focus on high-margin prescription drugs by agreeing to sell over-the-counter drugs business UPSA for $1.6bn to Japanese healthcare firm Taisho Pharmaceutical.

Store shelving
Buying OTC Unit UPSA From BMS will complement Taisho’s product portfolio • Source: Shutterstock

Six months after effectively putting its French over-the-counter drugs business UPSA up for sale, Bristol-Myers Squibb Co. has agreed to sell it to Japan-based healthcare group Taisho Pharmaceutical Co. Ltd. for $1.6bn and thereby allow the US big pharma to concentrate on developing and selling lucrative prescription drugs, particularly for cancer.

The acquisition of UPSA will be complementary to Taisho’s product portfolio and will allow it to establish a platform in Europe to expand its operations in the region, the

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