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...able strengthen Dainippon and Sumitomo`s position in Japan enough to survive the increasing competitive pressures from Western pharmas?
Under the terms of the basic agreement announced, the new company will become a consolidated subsidiary of Sumitomo Pharmaceutical`s parent company Sumitomo Chemical. Sumitomo Chemical currently owns a 77.8% stakehold in Sumitomo Pharmaceutical, and in the new company it will acquire a 50.1% stakehold, providing the merged company with the advantage of a strong parent company.
According...
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