Watson Sells Stake In Taiwan’s ScinoPharm | March 8, 2010 Issue - Vol. 88 Issue 10 | Chemical & Engineering News
Volume 88 Issue 10 | p. 19 | Concentrates
Issue Date: March 8, 2010

Watson Sells Stake In Taiwan’s ScinoPharm

Department: Business
Keywords: Watson Pharmaceuticals, Taiwan, China

Watson Pharmaceuticals will sell its 31% stake in Taiwan’s ScinoPharm, a custom producer of active pharmaceutical ingredients, to Uni-President. A major food manufacturer in Taiwan and China, Uni-President already owns a substantial portion of ScinoPharm. The firm’s other major shareholders are Taiwan Sugar and the Taiwanese government. Watson started acquiring a stake in ScinoPharm in 2004 but says its priorities have changed now that it has increased its own manufacturing capability. In 2006, Watson acquired the Indian pharmaceutical ingredients maker Sekhsaria Chemicals.

 
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