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Business
Fujifilm Will Buy Drugmaker Toyama
February 18, 2008
| A version of this story appeared in
Volume 86, Issue 7
Film and photocopier maker Fujifilm is entering the pharmaceutical business through the acquisition of most of fellow Japanese firm Toyama Chemical. Fujifilm will spend about $1.45 billion and expects to end up with a 66% stake in the firm. Japan's Taisho Pharmaceutical will hold the rest. Fujifilm says Toyama has a strong new drug pipeline, including T-705, an influenza drug targeted at treating bird flu.
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