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Meiji snaps India's Medreich in face of 'Ranbaxy syndrome'

 
• By Anju Ghangurde

Japan's Meiji group has acquired the Indian contract development and manufacturing firm Medreich for $290m catapulting its plans to develop a competitive play in the generics business and expand in Asia and other emerging markets.

Japan's Meiji group has acquired the Indian contract development and manufacturing firm Medreich for $290m catapulting its plans to develop a competitive play in the generics business and expand in Asia and other emerging markets.

The deal, industry experts say, also highlights renewed M&A appetite for Japanese pharma in India, despite the shadow of the high-profile divestment by Daiichi Sankyo of Ranbaxy to India's Sun...

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