Tanabe and Mitsubishi Pharma in early merger talks
Tanabe has confirmed that it is discussing a potential merger with fellow Japanese drugmaker Mitsubishi Pharma, a wholly-owned subsidiary of Mitsubishi Chemical, but said that "no concrete decision has been made in this regard." Tanabe explained that the move was being considered as a means of both expanding its business and reinforcing its management infrastructure. The announcement follows media speculation that the two firms were in final-stage talks.
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