`

`'()*+ÿ-./-ÿ0./+*1ÿ230.*+4567-.80ÿ9/:(*0;ÿ</0ÿ=>63:*-*:)ÿ=>667--*1ÿ->ÿ7-0ÿ:>?@4-*+6ÿ0(==*00ÿ/?1ÿ</0ÿ:>>A7?@
` 
`ÿ


`ÿÿ
`ÿ 
` ÿ
`ÿÿ
`ÿ
`ÿÿ ! ÿ" ÿ#
`
`  
`B>+ÿ/ÿ0-+>?@ÿ/?1ÿB(::)ÿ>3*+/-7>?/:ÿ2C5Cÿ3:/-B>+6ÿB>+ÿ@+><-.Cÿ5/</7ÿ70ÿ/ÿ=>63*::7?@ÿ0-+/-*@7=ÿD-ÿ/?1ÿ<*ÿ/+*
`1*:7@.-*1ÿ-./-ÿ-.*ÿ@*?*+7=0ÿ'(07?*00ÿ70ÿ3>70*1ÿ->ÿ'*?*D-ÿB+>6ÿ-.*ÿ*E-*?079*ÿ+*0>(+=*0ÿ/?1ÿ6/?/@*6*?-ÿB>=(0
`-./-ÿ5/</7ÿ<7::ÿ'+7?@CF
`G7-.ÿ-.*ÿ/@7?@ÿH/3/?*0*ÿ3>3(:/-7>?;ÿ/?1ÿ-.*ÿ7?=+*/07?@ÿB>=(0ÿ>?ÿ'+7?@7?@ÿ1><?ÿ-.*ÿ=>0-ÿ>Bÿ6*17=7?*0;ÿ7?ÿIJKL
`-.*ÿH/3/?*0*ÿ@>9*+?6*?-ÿ0*-ÿ/ÿ-/+@*-ÿ>Bÿ+/707?@ÿ-.*ÿ0./+*ÿ>Bÿ@*?*+7=ÿ3+*0=+73-7>?0ÿ->ÿMJNÿ')ÿD0=/:ÿIJIJCÿO?
`P(@(0-ÿIJKQ;ÿ5/</7ÿ/??>(?=*1ÿ7?ÿ7-0ÿR*17(64-*+6ÿS(07?*00ÿT:/?;ÿURKÿV+(0-ÿIJKM;FÿB>=(0*1ÿ>?ÿ3+>9717?@ÿ/
`0-/':*ÿ0(33:)ÿ>Bÿ@*?*+7=0ÿ->ÿ6**-ÿ-.70ÿ@>9*+?6*?-ÿ@>/:ÿ/?1ÿ6/7?-/7?7?@ÿ7-0ÿ(?1703(-*1ÿ?(6'*+ÿ>?*ÿ3>07-7>?
`/6>?@ÿ6/?(B/=-(+*+0ÿ>Bÿ@*?*+7=ÿ6*17=7?*0CÿP0ÿ3/+-ÿ>Bÿ-.70ÿ6*17(64-*+6ÿ'(07?*00ÿ3:/?;ÿ5/</7ÿ03*::*1ÿ>(-ÿ7-0
`7?-*?-ÿ->ÿ-/+@*-ÿ-.*ÿ2C5C;ÿ-.*ÿ<>+:180ÿ:/+@*0-ÿ3./+6/=*(-7=/:ÿ6/+A*-;ÿB>+ÿ*E3/?07>?C
`UG*ÿ/+*ÿ1*:7@.-*1ÿ->ÿ07@?ÿ-.70ÿ/@+**6*?-ÿ->1/)ÿ<7-.ÿPWXYPÿ->ÿ/=Z(7+*ÿ230.*+4567-.;ÿ<.7=.ÿ70ÿ>(+ÿD+0-ÿ>9*+0*/0
`7?9*0-6*?-Cÿ230.*+4567-.;ÿ:7A*ÿ5/</7;ÿ./0ÿ/ÿ:>?@ÿ.70->+)ÿ/0ÿ/ÿ3+79/-*ÿB/67:)4><?*1ÿ@*?*+7=ÿ3./+6/=*(-7=/:0
`=>63/?)ÿ-./-ÿ70ÿ/:0>ÿB>=(0*1ÿ>?ÿ3/-7*?-ÿ?**10;ÿ=*?-*+*1ÿ>?ÿ>(+ÿ3.7:>0>3.)ÿ>Bÿ[T/-7*?-0ÿ\7+0-C8ÿG*ÿ:>>AÿB>+</+1
`->ÿ<>+A7?@ÿ=:>0*:)ÿ<7-.ÿ](0-)ÿ/?1ÿ-.*ÿ-/:*?-*1ÿ6/?/@*6*?-ÿ-*/6ÿ->ÿB>+@*ÿ/ÿ?*<ÿ@:>'/:ÿ=./3-*+ÿ7?ÿ230.*+4
`567-.80ÿB(-(+*ÿ->@*-.*+CÿR>0-ÿ763>+-/?-:);ÿ<*ÿ/+*ÿ=>667--*1ÿ->ÿ-.*ÿ*?-7+*ÿ-*/6ÿ/-ÿ230.*+4567-.;ÿ/?1ÿ->
`*E3/?17?@ÿ-.*ÿ>33>+-(?7-7*0ÿB>+ÿ-.*ÿ2C5Cÿ<>+AB>+=*ÿ/-ÿ230.*+4567-.;Fÿ0/71ÿ5/</7ÿT+*071*?-ÿR7-0(>ÿ5/</7C
`](0-)ÿ\7*:1;ÿT+*071*?-;ÿ230.*+4567-.ÿ/11*1;ÿUG*ÿ/::ÿ</?-ÿ->ÿ-./?Aÿ-.*ÿ^9*?0-/1ÿB/67:)ÿB>+ÿ-.*7+ÿ*E=*::*?-
`0-*</+10.73ÿ>Bÿ-.*ÿ=>63/?)CÿOÿ03*/AÿB>+ÿ-.*ÿ*?-7+*ÿ6/?/@*6*?-ÿ-*/6ÿ<.*?ÿOÿ0./+*ÿ.><ÿ*E=7-*1ÿ<*ÿ/+*ÿ->ÿ'*
`*?-*+7?@ÿ/ÿ?*<ÿ3./0*ÿ>Bÿ>(+ÿ@+><-.ÿ/0ÿ/ÿ@:>'/:ÿ=>63/?)CÿO?ÿ-.*ÿ17/:>@(*ÿ<*ÿ./9*ÿ./1ÿ<7-.ÿ-.*ÿ5/</7
`6/?/@*6*?-ÿ-*/6ÿ>9*+ÿ+*=*?-ÿ6>?-.0;ÿ7-ÿ70ÿ=:*/+ÿ-./-ÿ>(+ÿ-<>ÿ=>63/?7*0ÿ/+*ÿ/?ÿ*E=*::*?-ÿD-ÿ7?ÿ-*+60ÿ>B
`3.7:>0>3.)ÿ/?1ÿ9707>?;ÿ<7-.ÿ/?ÿ*Z(/:ÿB>=(0ÿ>?ÿ-.*ÿ763>+-/?=*ÿ>BÿZ(/:7-)CÿV>@*-.*+ÿ<*ÿ:>>AÿB>+</+1ÿ->ÿ/=.7*97?@
`+*=>@?7-7>?ÿ/0ÿ/ÿ@:>'/:ÿ=>?-+7'(->+ÿ->ÿ-.*ÿ@+><-.ÿ>Bÿ@*?*+7=0;ÿ<7-.ÿ/ÿD+6ÿ@+>(?17?@ÿ7?ÿ[T/-7*?-0ÿ\7+0-8CF
`_>ÿ=./?@*0ÿ->ÿ230.*+4567-.80ÿ>3*+/-7>?0ÿ/+*ÿ=(++*?-:)ÿ/?-7=73/-*1;ÿ/?1ÿ(?1*+ÿ-.*ÿ:*/1*+0.73ÿ>Bÿ](0-)ÿ\7*:1;ÿ-.*
`=(++*?-ÿ6/?/@*6*?-ÿ-*/6ÿ<7::ÿ=>?-7?(*ÿ->ÿ:*/1ÿ230.*+4567-.ÿB+>6ÿ7-0ÿ=(++*?-ÿ.*/1Z(/+-*+0ÿ7?ÿR7??*/3>:70C
`abbcdefÿhbiÿjbikÿeklmnÿopkocÿbqrÿrpkÿeklÿstuuÿvkerkiwxropÿwkkcyz{
``
`V.*ÿ?*<ÿ\]^^ÿW*?-*+G/-=.ÿG**A:)ÿ70ÿ)>(+ÿ0>(+=*ÿ>Bÿ=+7-7=/:ÿ?*<0;ÿ*6*+@7?@ÿ-+*?10;ÿ/?1ÿ'(07?*00ÿ700(*0
`/+>(?1ÿ*9*+)-.7?@ÿ7?ÿ-.*ÿ+/371:)ÿ=./?@7?@ÿ=:7?7=/:ÿ+*0*/+=.ÿ6/+A*-3:/=*CÿW.*=Aÿ>(-ÿ>(+ÿ?*<ÿWGG**A:)
`3/@*ÿ|}=<<**A:)}~ÿ57@?ÿ(3ÿ->1/)ÿB>+ÿ)>(+ÿB+**ÿ*6/7:ÿ?*<0:*--*+;ÿ(31/-*ÿ)>(+ÿ'>>A6/+A0ÿ/?1ÿ=.*=Aÿ(0ÿ>(-
`+*@(:/+:)ÿG*ÿ:>>AÿB>+</+1ÿ->ÿ'+7?@7?@ÿ)>(ÿ-.*ÿ'*0-ÿ?*<0ÿ/?1ÿ7?B>+6/-7>?ÿ/'>(-ÿ=:7?7=/:ÿ+*0*/+=.ÿ7?ÿIJKM
`W>3)+7@.-ÿ€ÿKL4IJKÿW*?-*+G/-=.C
`
` $     
` % &   
` 
`
` 
` 
`
`
`
`
`
`
`Page 2 of 3
`
`Page 2 of 3
`
`

`

`6/13/2019
`
`  
`
`Sawai Pharmaceutical to acquire Upsher—Smith Laboratories U.S. generics business - CenterWatch News Online
`
` 
`ÿ


`ÿÿ
`ÿ 
` ÿ
`ÿÿ
`ÿ
`ÿÿ ! ÿ" ÿ#
`
`
`Page 3 0f 3
`https://www.centen~atch.com/news-online/2017/04/20/sawai-pharmaceuticaI-acquire-upsher-smith-Iaboratories-u-s-generics-business/
`
`
`
` $     
` % &   
` 
`
` 
` 
`
`
`
`
`3/3
`
`
`
`Page 3 of 3
`
`Page 3 of 3
`
`