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Kyowa Kirin To Offload Selected Mature Portfolio To Grünenthal

New JV Set For '26 Buy-Out

Executive Summary

The Japanese and German firms agree to establish a joint company to handle 13 mature brands from Kyowa Kirin's portfolio, mainly focused on pain management and including Abstral and PecFent. Grünenthal will own 51% and plans to fully buy out the operation in early 2026.

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