Dr Reddy’s Labs,Fujifilm terminate Japan generic drugs JV plan

Dr. Reddy's Laboratories and Japan's Fujifilm Corp have terminated their plan for a generic drugs.

Dr. Reddy’s Laboratories and Japan’s Fujifilm Corp have terminated their plan for a generic drugs joint venture in Japan,the companies said on Monday.

The two companies will continue to explore partnership and alliance opportunities in other areas such as active pharmaceutical ingredients and contract research and manufacturing,they said in a statement.

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Fujifilm is re-aligning its long-term growth strategy for pharmaceuticals business,following which the decision was taken,it said. The companies had agreed to form the joint venture in July 2011.

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'India expects Riyadh to keep mutual interests in mind': MEA on Saudi-Pakistan defence pact

‘India expects Riyadh to keep mutual interests in mind’: MEA on Saudi-Pak defence pact

India54 min ago

India on Friday said that it expects Saudi Arabia to keep in mind "mutual interests and sensitivities" in the wake of Riyadh sealing a strategic defence pact with Pakistan. The agreement states that "any aggression against either of the two countries shall be considered as an aggression against both".

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