Japan Industrial Solutions supports troubled local drug maker
Japan Industrial Solutions (JIS) has agreed to invest up to JPY 20bn (USD 155m) in Japan-based generic drug manufacturer Nichi-Iko Pharmaceutical with a view to saving the troubled company.
The private equity firm, which was established by Development Bank of Japan, Mizuho Bank, Sumitomo Mitsui Banking Corporation, and MUFG Bank, will commit capital from its third fund, according to a filing....
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