Daiichi Sankyo bought a 64 per cent stake in Ranbaxy, a generic drug maker, in 2008 for 488 billion yen ($5.37 billion). Indian media have reported that Daiichi may be seeking to buy all the other shares in Ranbaxy to better control the subsidiary after problems with the quality of Ranbaxy's products emerged in the "Ranbaxy has a strong brand and is highly respected as a good firm, and I think one reason for this is the fact that it is recognised as a good drugmaker listed in Nakayama will replace Takashi Shoda as the company's president and CEO on June 28, if approval is given by shareholders. He also said Daiichi Sankyo seeks to rely on external resources, such as through an acquisition or joint venture, to strengthen its cancer drug business. |
Friday, May 28, 2010
Daiichi Sankyo to keep Ranbaxy listed
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