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Taisho said to near $1.6-billion deal for Bristol-Myers's UPSA - Bloomberg

Published 17/12/2018, 05:16
Updated 17/12/2018, 05:20
© Reuters. Employees work on paracetamol production line for UPSA brand of Bristol-Myers Squibb Group at the company's factory in Le Passage

(Reuters) - Japanese healthcare firm Taisho Pharmaceutical Holdings Co Ltd (T:4581) is said to be close to a $1.6 billion deal for Bristol-Myers Squibb Co's (N:BMY) French over-the-counter drugs business UPSA, Bloomberg reported on Sunday, citing sources familiar with the matter.

An agreement for the consumer-health business could be announced as soon as this week, according to the report https://bloom.bg/2QyHulF.

Bristol-Myers Squibb said in an email to Reuters that it does not comment on rumours and speculation, adding that the company is still considering options for the strategic review of UPSA that was announced in June.

A Taisho spokesman said the company could not comment on the report.

© Reuters. Employees work on paracetamol production line for UPSA brand of Bristol-Myers Squibb Group at the company's factory in Le Passage

German drugmaker Stada (D:STAGn) and Italian healthcare company Angelini were among the final bidders for Bristol-Myers' UPSA unit, according to a Reuters report in November.

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