SCIENTURE announces the divestiture of its legacy subsidiaries for a total consideration of $5 million and dedicates its full focus to the Branded and Specialty Pharma segment through Scienture, LLC.
1. SCNX divested multiple subsidiaries for $5 million to streamline operations. 2. Proceeds will fund high-growth product development at Scienture, LLC subsidiary. 3. The reorganization aims to enhance operational efficiency and reduce costs. 4. Management highlights focus on high-value Specialty Pharma business for future growth. 5. Streamlined operations expected to deliver sustainable value creation.