Skip to main content
BBC NEWS / BUSINESS
Graphics VersionBBC Sport Home
News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia | UK | Business | Health | Science & Environment | Technology | Entertainment | Also in the news | Have Your Say |
Business Contents:  Your Money | Economy Companies

12:56 GMT, Friday, 7 November 2008

Japan's Daiichi in Ranbaxy deal

Pills

Leading Japanese pharmaceutical firm Daiichi Sankyo has completed its $4.2bn (£2.6bn) takeover of the Indian drugs firm Ranbaxy.

The Japanese firm has bought a 63% stake in Ranbaxy, which is a leading manufacturer of generic drugs.

Daiichi Sankyo said it was determined to work with Ranbaxy to achieve "sustainable growth".

In September, US authorities banned the import of 30 of Ranbaxy's drugs, amid concerns over manufacturing standards.

The deal has come as pharmaceutical firms face stiff rivalry from generic drugs firms in developing nations.




E-mail this to a friend
Related to this story:
Drug firm faces 'deception' claim (15 Jul 08 |  Business )
Japan set for $4.6bn pharma deal (11 Jun 08 |  Business )
Big Pharma defends patent power (22 Apr 08 |  Business )

RELATED INTERNET LINKS
Daiichi Sankyo
Ranbaxy
The BBC is not responsible for the content of external internet sites



SEARCH BBC NEWS: 

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia | UK | Business | Health | Science & Environment | Technology | Entertainment | Also in the news | Have Your Say |
Business Contents:  Your Money | Economy Companies

NewsWatch | Notes | Contact us | About BBC News | Profiles | History

^ Back to top | BBC Sport Home | BBC Homepage | Contact us | Help | ©