Nichi-Iko Pharmaceutical Mulls Out-of-Court Rehabilitation
Tokyo, May 12 (Jiji Press)--Nichi-Iko Pharmaceutical Co. <4541>, a struggling major Japanese generics maker, is considering filing for an out-of-court debt negotiation procedure, informed sources said Thursday.
Nichi-Iko said in a statement the same day that the company is in talks with lenders on ways to improve its financial conditions. "It is true that we are considering resorting to an alternative dispute resolution or other business rehabilitation procedures," the company commented.
(2022/05/12-14:02)
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