TOKYO Aug 17 Chugai Pharmaceutical Co Ltd
has denied a media report saying Roche Holding AG
is in talks to buy the almost 40 percent stake in the
Japanese company that it does not already own for about $10
The Swiss group could announce a deal to take full control
of its Japanese partner for oncology and arthritis drugs as
early as this coming week, although no final decision has been
made, Bloomberg said. (bloom.bg/1yF2JNH)
The Japanese firm, in a news release late on Saturday, said
the media report "is not based on any announcement made by
Chugai or Roche."
"Chugai is in no way in the process of reviewing any plan to
become a wholly-owned subsidiary of Roche, nor discussing with
Roche about such a transaction," it said.
A spokeswoman for Roche declined to comment on the report.
(Reporting by Osamu Tsukimori; Editing by Richard Borsuk)