Sumitovant Biopharma Created and Launched as Sumitomo Dainippon Pharma and Roivant Sciences Close Transaction for Strategic Alliance

PRNewswire

Dec 30, 2019

- Sumitomo Dainippon Pharma and Roivant Sciences complete strategic alliance and formation of new company, Sumitovant Biopharma, a wholly owned subsidiary of Sumitomo Dainippon Pharma

- Sumitovant will be led by Chief Executive Officer Myrtle Potter, former Roivant Vant Operating Chair and President and COO of Genentech

- Roivant has received USD $3 billion from Sumitomo Dainippon Pharma for the transfer of Roivant's ownership interests in five of its subsidiaries - Myovant, Urovant, Enzyvant, Altavant, and Spirovant - to Sumitovant, in addition to other technology assets and a stake in Roivant

PR Newswire

LONDON and NEW YORK, Dec. 30, 2019

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