Nichi-Iko Pharmaceutical Co., Ltd.
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Latest From Nichi-Iko Pharmaceutical Co., Ltd.
Chugai has seen its attack on Sawai and Nichi-Iko over their generic eldecalcitol rivals to the originator’s Edirol brand dismissed by a Tokyo district court.
Japan’s Nichi-Iko has formally entered a business turnaround alternative dispute resolution process that will see the company outline a business rehabilitation plan involving management restructuring and a fresh profit structure, following financial underperformance in the wake of recent quality issues.
Japan struggles to recover its ever-expanding supply chain for generic drugs after several key players had their production stopped because of a series of GMP violations. As the share of generics grows under government policy, some in the industry argue the problems are deeply rooted in a decades-old pricing system.
“The outlook remains uncertain,” one analyst has noted as troubled Japanese manufacturer Nichi-Iko published its nine-month financial results, even as the company’s domestic losses slowed down and its US Sagent unit improved its sales by double-digits.
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