Sanofi and Nichi-iko Confirm Joint Venture

Sanofi and Nichi-iko Joint VentureAs reported by FiercePharma, the global pharmaceutical company, Sanofi-Aventis has confirmed their alliance with Japanese pharmaceutical company Nicho-iko. The joint venture signals the company’s interest in capturing part of the Japanese generics market.

Sanofi is set to own 51 per cent of the joint venture and as part of the deal, they will buy a 4.66 per cent stake in Nichi-iko for $48 million.

The first step in this joint venture will see Nichi-iko taking over the marketing and distribution of Sanofi’s sleep drug Amoban.

The Japanese generic drug market has seen much interest from Western Pharmaceutical companies such as Pfizer and Teva Pharmaceuticals.

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