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Ranbaxy CEO Says Purchase By Daiichi Not Threatened By Investigation

This article was originally published in PharmAsia News

Executive Summary

The acquisition of Ranbaxy Laboratories by Daiichi Sankyo is still on track and cannot legally be derailed, according to the Indian firm's CEO. Malvinder Singh said his counterparts at Daiichi were aware the U.S. FDA had questions about some of Ranbaxy's generic drugs before the agency's investigation became public. Singh addressed a news conference in the wake of speculation the merger of the two giants might be scuttled by FDA's questions. He said there was no doubt the $4.6 billion deal was still alive. Daiichi confirmed the sale is final. (Click here for more - a subscription may be required



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