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ORIX Corporation (NYSE:NYSE:IX) Q1 2023 Earnings Conference Call August 3, 2022 3:30 AM ET Company Participants Hitomaro Yano - Executive Officer, Head of Treasury & Accounting. ....
The temporary shutdowns of scandal-hit pharmaceutical companies have led to a shortage of more than 3,000 drugs, mostly generic medications, prompting the health ministry to instruct the industry to replenish the supply chain. ....
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Nichi-Iko Pharmaceutical Co.’s headquarters in Toyama on March 3 (Satoshi Tazoe) TOYAMA Authorities are instructing a major generic drug company headquartered in the capital of the prefecture to suspend operations after officials discovered serious quality control violations. The Toyama prefectural government issued a 32-day business-suspension order on March 3 to Nichi-Iko Pharmaceutical Co. under the Pharmaceutical and Medical Device Law. “I deeply regret that the company’s quality control management system could not sufficiently respond to its growth rate,” Yuichi Tamura, the company’s president, said at a news conference. According to the prefectural government and company officials, violations have occurred at the company’s Toyama Plant 1, located in Namerikawa in the prefecture, since at least around 2011. ....