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Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients
Pharma/Fine Chemicals Roundup – January 10
4:16 AM MST | January 10, 2012 | Deepti Ramesh
TORAY ACQUIRES STAKE IN MITSUI & CO.’S API SUBSIDIARY Toray Industries says it will acquire a 20% stake in Mitsui & Co.’s wholly-owned subsidiary MicroBiopharm Japan (MBJ; Tokyo). Financial terms of the deal were not disclosed. MBJ manufactures active pharmaceutical ingredients (APIs) and pharma intermediates produced using proprietary production technology. It uses this technology also to produce and sell specialty chemicals. MBJ also manufactures and sells pharmaceuticals, mainly anticancer drugs, through its Chinese affiliate Shenzhen Main...
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