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Ranbaxy looks to leave past behind after US settlement

 
• By Anju Ghangurde

Ranbaxy's $500 million settlement towards an investigation by the US Department of Justice (DOJ) concerning data integrity and manufacturing processes at two of the firm's Indian sites is expected to help bring down the curtains on a long-running issue that has troubled Daiichi Sankyo since it acquired Ranbaxy in 2008, and which has been high on the list of investor concerns.

Ranbaxy's $500 million settlement towards an investigation by the US Department of Justice (DOJ) concerning data integrity and manufacturing processes at two of the firm's Indian sites is expected to help bring down the curtains on a long-running issue that has troubled Daiichi Sankyo since it acquired Ranbaxy in 2008, and which has been high on the list of investor concerns.

Most analysts now say that they view the development as "generally positive" and hope that the settlement will allow the...

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