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Two Japanese drug makers to merge.(Taisho Pharmaceutical, Tanabe Seiyaku)(Brief Article)
Publication: The Daily Deal Publication Date: 17-SEP-01 Author: Smith, Charles
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COPYRIGHT 2001 The Deal LLC
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...
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