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Nikken Chemicals to Become Wholly Owned Subsidiary of Kowa in October

Tokyo, Mar 13, 2006 (JCN) - Kowa and Nikken Chemicals jointly announced on March 10 that the two companies have agreed to consolidate their ethical drug businesses by October 1.

Prior to that, Nikken Chemicals will become a wholly owned subsidiary of Kowa through a stock exchange, which is scheduled to take place on August 1.

With this move, Kowa and Nikken Chemicals aim to reinforce their sales force and expand their presence in the market. In addition, Nikken Chemicals plans to change its company name.

By JCN Newsdesk

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 Recent  Nikken Chemicals Co.,Ltd. News  
  Nikken Chemicals to Become Wholly Owned Subsidiary of Kowa in October  (Mar 13, 2006)
  Kowa, Nikken Chemicals to Reinforce Partnership in Ethical Drug Business  (Nov 11, 2005)
  Nikken Chemicals to Transfer Three Ethical Products to Mitsubishi Pharma  (Nov 11, 2005)
  Nikken Chemical and Mitsubishi Pharma Jointly Introduce New Antiepileptic/Antimanic Sustained-release Tablet  (July 28, 2004)
  Nikken Chemicals to Deploy Dendrite's j-forceNET Sales Channel Management Suite in Japan  (May 9, 2003)
  Nikken Chemicals Hopes to Start Testing its Anti-Asthma Medications in Europe  (Oct 3, 2001)

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