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Home » Sankyo to Buy Daiichi Pharma in $7.7 Billion Deal
Sankyo to Buy Daiichi Pharma in $7.7 Billion Deal
Japanese drugmaker Sankyo Co. unveiled plans on Friday to buy Daiichi Pharmaceutical in October in a deal worth $7.7 billion, accelerating a shakeup in the world's second-largest pharmaceuticals market. Japan's drugmakers are under pressure to seek mergers and acquisitions (M&As) due to soaring development costs and the growing presence of larger Western rivals such as Pfizer.
Yahoo News (http://asia.news.yahoo.com/050225/3/1wxql.html)
Bloomberg (http://www.bloomberg.com/apps/news?pid=10000101&sid=ahH0X7UImCU0)
KEYWORDS FDAnews Drug Daily Bulletin
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