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Toho Pharmaceutical To Buy Back 2 Million Shares

This article was originally published in PharmAsia News

Executive Summary

Japanese drug wholesaler Tokyo based Toho Pharmaceutical Feb. 13 offered to buy back 2 million shares, which account for 3.29 percent of the company's total outstanding shares. Toho plans to pay up to ¥2.5 billion for the shares. The buyback period is Feb. 16 to March 24. Since Feb. 4, when the company lowered its estimated sales for the full year, share prices plunged to ¥750, a five year low. (Click here for more - Japanese language

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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