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DAIICHI SANKYO shares extend gains on report Suntory Holdings to acquire healthcare unit
Daiichi Sankyo Company, Limited <4568> shares extended gains following a Nikkei report on the 15th that Suntory Holdings has agreed to acquire its over-the-counter subsidiary, Daiichi Sankyo Healthcare. Speculative buying entered the stock as the unit holds major brands such as the painkiller Loxonin, stomach medicine Gaster 10, and cold remedy Lulu. As R&D costs for prescription pharmaceuticals surge, the divestiture is expected to allow Daiichi Sankyo to bolster its new drug development efforts.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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