Scrip is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By


Daiichi Sankyo Head Apologizes For, Defends Buy Of India's Ranbaxy

This article was originally published in PharmAsia News

Executive Summary

Daiichi Sankyo's Takashi Shoda apologized for harming shareholder equity with the company's purchase of India's Ranbaxy Laboratories, but said he was confident the move would pay off in the medium to long term. The head of Daiichi Sankyo said in an interview the timing of the expensive buy just before the financial crisis and then a Ranbaxy plant encountering problems with the U.S. FDA caused him to make several management changes. Shoda stressed that now that Malvinder Singh has departed Ranbaxy, Shoda is overseeing Ranbaxy and is aware of its problems. Shoda also said he learned of Ranbaxy problems with the FDA before the deal was closed, but noted the United States accounted for only a quarter of the Indian company's total sales. (Click here for more



Ask The Analyst

Please Note: Click here for more information on the Ask the Analyst service.

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts