Japanese Generic Drug Company Nichi-Iko Pharma Pruchases Sagent Pharma For $736M

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Nichi-Iko Pharma, which is based in Japan, has purchased Sagent Pharma for $736 million. The agreement has already been approved by the Board of Directors for both companies. Nichi-Iko made the deal in order to enhance its biosimilar pipeline and improve its injectables presence. Nichi-Iko also hopes the deal will help the company to gain a stronger foothold in the US market.

Read the source article at NASDAQ.com

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