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Nichi-Iko Files for Out-of-Court Turnaround Process

Nichi-Iko Files for Out-of-Court Turnaround Process

   Tokyo, May 13 (Jiji Press)--Nichi-Iko Pharmaceutical Co. <4541>, a financially troubled Japanese generics maker, said Friday that it has filed for an out-of-court turnaround process with a government-certified dispute settlement body.
   The Japanese Association of Turnaround Professionals accepted the application for the use of the alternative dispute resolution scheme, the company said.

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