Posted by CK Science on Wednesday, 09 June 2010
As reported by FiercePharma, the global pharmaceutical company, Sanofi-Aventis has confirmed their alliance with Japanese pharmaceutical company Nicho-iko. The joint venture signals the company"s interest in capturing part of the Japanese generics market.
Sanofi is set to own 51 per cent of the joint venture and as part of the deal, they will buy a 4.66 per cent stake in Nichi-iko for $48 million.
The first step in this joint venture will see Nichi-iko taking over the marketing and distribution of Sanofi"s sleep drug Amoban.
The Japanese generic drug market has seen much interest from Western Pharmaceutical companies such as Pfizer and Teva Pharmaceuticals.
Looking for a job in the pharmaceutical industry? Click here to search our current pharmaceutical jobs now.
|
For updates on Science Jobs, Companies, News & Career Advice, Follow us on: |
|
|
|
|
Site content copyright © 2005 - 2012. Access Job Boards Ltd all rights reserved.
