Profit

Japan's Daiichi to acquire controlling stake in Ranbaxy

PUBLISHED ON: June 11, 2008 | Duration: 3 min, 39 sec

   
loading..
Japanese pharmaceutical group Daiichi Sankyo Co said on Wednesday that it had agreed to buy a majority stake in India's top drug company Ranbaxy Laboratories for up to $4.6 billion. The deal reflects growing efforts by the world's pharmaceutical giants to cope with fierce competition from generic drugmakers based in low-cost economies such as India.
ALSO WATCH
"Risking 2 Lives Worth Saving 2000": Tripura Man Who Averted Train Mishap

................................ Advertisement ................................

................................ Advertisement ................................