Aat better way to launch with 4 billion deal in the generic drugs industry. John is here with the details. We are talking about ranbaxy. Thats right. Clearly, shares were rising in that region, but sun pharma agreed to by ranbaxy at 4. 1 billion. Here,sting, the movement the Japanese Company owning a large part of ranbaxy. It is a done deal essentially . Yes. In 2008, the Company Bought ranbaxy for for for 1 billion. With u. S. Ssues authorities. It has been a problem child. Ranbaxy, for plans that didnt pass muster with the u. S. Authorities. The fda, the food and Drug Administration in the states, ranbaxy had to recall some batches of its generic cholesterollowering drugs. That is a concern clearly. It is not good for the image. , and indian company, is agreeing to by ranbaxy. Ranbaxy shares soared last week 26 . Encouraging for earnings. It will become the fifth biggest speciality generic drug company in the world. They must deal with this u. S. Issue. That is a concern. Japans thir
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