HOME > BUSINESS > Article

Text Size

small

medium

large


Nichi-Iko Pharmaceutical Mulls Out-of-Court Rehabilitation

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.

To read a full story, please click here to find out how to subscribe.

Aomori Tourism Information

HEADLINES

POLITICS
US, Taiwan Reportedly Set to Start Talks on Strengthening Economic Ties
ECONOMY
Tokyo Stocks (Closing): Nikkei Average 26,781.68 (+176.84)
SPORTS
MLB: Ohtani Gives Up 5 Runs in 6 Innings, Goes 1-for-2 in Angels' 20-5 Defeat
OTHER
Ex-JR Tokai Pres. Yoshiyuki Kasai, Part of "JNR Reform Trio," Dies at 81 Wed.

AFP-JIJI PRESS NEWS JOURNAL


Photos