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Daiichi Sankyo Buys Shanghai Xinshengyuan Pharma

publication date: Apr 20, 2012

Daiichi Sankyo's China subsidiary has gained control of Shanghai Xinshengyuan Pharmaceutical Group Medicine & Chemical Reagents Sales Co., a company that imports Ranbaxy's generic drug portfolio into China. Daiichi and Ranbaxy are already partners. In 2008, Daiichi Sankyo paid $4.6 billion for a controlling interest in Ranbaxy, adding generic drugs to Daiichi Sankyo's portfolio of innovative drugs. By buying Xinshengyuan, Daiichi gains control of its partner's products in China. More details....

Stock Symbols: (TO: 4658) (BSE: 500359)

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