After Years Of Partner Search, India's Dr. Reddy's Forms JV With Fujifilm To Tap Japanese Generics Market
This article was originally published in The Pink Sheet Daily
Although it surprised many in India to have Fujifilm's name associated with generic drugs, its penchant to explore the Japanese market coincides with the Japanese government's mission to encourage use of generic substitutes in Japan to drive costs down.
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Teva Pharmaceutical Industries Ltd. announced May 16 that it is acquiring more than half of Japan's third largest generic drugmaker and extending an offer to purchase the remaining portion of the company
TOKYO - Fujifilm Corp. plans to acquire two Merck & Co. Inc. biopharma units to make a long-term push into biopharmaceutical manufacturing and distribution, possibly leveraging its pharmaceutical subsidiary, Toyama Chemical, Fuijifilm said