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Two Japanese drug makers to merge.(Taisho Pharmaceutical, Tanabe Seiyaku)(Brief Article)
Byline: Charles Smith
TOKYO -- Japanese drugmakers Taisho Pharmaceutical Co. and Tanabe Seiyaku Co. said Sept. 17 they had agreed to merge, creating a major new force in Japan's pharmaceuticals sector.
The combined group will be Japan's second-largest drug company by market capitalization, which will be about [yen]1.7 trillion ($14 billion). The group will rank fourth by sales, with combined sales of [yen]468 billion, based on figures for the March 2001 business year.
Taisho ranks eighth among Japanese drug companies in overall consolidated sales, including prescription drugs, while Tanabe is 11th.
Analysts said the merger was effectively a …
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- Taisho, Tanabe drug firms announce 2002 merger plan.
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Magazine article from: Yomiuri Shimbun/Daily Yomiuri
September 18, 2001
700+ words
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- PHARMA JAPAN: To accelerate growth via synergism: Taisho and Tanabe. [2 tables].
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News wire article from: Chemical Business Newsbase
October 17, 2001
700+ words
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- Pharma Japan: Taisho, Tanabe cancel their integration.
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News wire article from: Chemical Business Newsbase
December 10, 2001
700+ words
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- PHARMA JAPAN: Taisho Tanabe Pharma Group to focus on ethical drugs: Tanabe...
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News wire article from: Chemical Business Newsbase
November 13, 2001
700+ words
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- Japanese drug merger dead.
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Newspaper article from: The Daily Deal
December 4, 2001
700+ words
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