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Japan CRO CMIC Acquires Daiichi Sankyo Shizuoka Facility

This article was originally published in PharmAsia News

Executive Summary

Japan's largest contract research organization CMIC Nov. 30 announced an agreement to acquire a facility from Daiichi Sankyo. The 210,000-square meter facility based in Shimada, Shizuoka Prefecture manufactures antibacterial agent Cravit (levofloxacin) and hemostatic drug Transamin (tranexamic). Daiichi plans to move some of its production to other sites and keep the rest for contract manufacture for SMIC. According to the deal, SMIC plans to acquire all outstanding shares by April 2010; the two companies did not disclose further terms . (Click here for more - Japanese language

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