Japan’s ruling coalition sustained a crushing blow in the Lower House election last month, only managing to win 215 seats,…
BUSINESS
Sumitomo Offloads Entire Stake in Roivant as Earnings Tank
Amid deteriorating earnings, Sumitomo Pharma is returning its entire stake in Roivant Sciences back to the UK-based company for US$648 million, or around 98 billion yen, with the transaction scheduled for early this month. In its statement on April 2,…
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