Express Pharma

Claris completes sale of its stake in JV to Otsuka


The agreement to sell was announced on May 8, 2017

Claris Lifesciences has recently completed the sale of its remaining 20 per cent stake in Otsuka Pharmaceutical India; the joint venture with Otsuka Pharmaceutical Factory, and Mitsui & Co.; to Otsuka Pharmaceutical Factory, for a consideration of $ 20 million.

In the July, 2017 the company has also completed the sale of its global generic injectables business to Baxter international for an enterprise value of $ 625 million.

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