(RTTNews.com) - Sucampo Pharmaceuticals Inc. (SCMP) announced that it has been notified by the International Court of Arbitration, International Chamber of Commerce or ICC, that the anticipated date of the arbitration decision in its demand for arbitration under the applicable provisions of the Collaboration and License Agreement with Takeda Pharmaceuticals Company Limited, or Takeda, has been extended from April 30, 2012 to May 31, 2012. Sucampo said it does not know how long thereafter the proceedings will conclude.