Business Daily from THE HINDU group of publications
Friday, Apr 11, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Apr 11, 2008 ePaper | Mobile/PDA Version |
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Corporate
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Overseas Investments Orchid sets up subsidiary in Japan Chennai, April 10 Orchid Chemicals & Pharmaceuticals Ltd on Thursday announced the formation of its whollyowned subsidiary in Japan called Orchid Pharma Japan K K (Orchid Japan). Orchid Japan, headquartered in Tokyo, will drive Orchid's foray into the high potential and growing Japanese generics market. "Orchid considers that the Japanese generics market will grow at a rapid pace in the coming years due to an increasing recognition in the government and healthcare sectors of the need for quality generic medicines," says a press release from Orchid. The company estimates that the generics market in Japan currently estimated at $2.5 billion could double itself in a span of 5 years. - Our Bureau
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