Mitsubishi Tanabe to take full control of Bipha JV
Japanese drug major Mitsubishi Tanabe Pharma (TYO: 4508) has agreed to acquire the 49% holding (20,580 shares) held by fellow Japan based Nipro Corp in the blood product joint venture Bipha Corp, with effect on September 5, following which Nipro, which will record a 4 billion yen ($51 million) extraordinary profit from selling the shares, will cease to have any interest in the JV.
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