Daiichi Sankyo acquires 20 percent in holdings of Ranbaxy

10/20/2008

TOKYO Daiichi Sankyo has purchased a 20 percent stake in Ranbaxy Labs, Daiichi Sankyo said Friday.

The purchase puts the Japanese drug maker well on its way to acquiring a majority stake in the Gurgaon, India-based generic drug maker. Daiichi will also buy a stake of almost 35 percent from the family that founded the company.

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