Eisai and Nichi-Iko agree generics business deal
Eisai (TYO: 4523) and fellow Japanese firm Nichi-Iko Pharmaceutical (TYO: 4541) have agreed terms for a strategic capital and business alliance in the generics sector.
Under the terms of the deal, Toyama-based Nichi-Iko will incrementally take ownership of Eisai’s wholly-owned generics business Elmed Eisai, with the final tranche of shares due to be transferred by April next year.
The unit was set up in the late 1990s with a focus on manufacturing value-added generic drugs, primarily for the treatment of chronic circulatory, CNS disorders and other ailments common among elderly people.
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