Nitto Denko emerges as one-stop drug synthesis company

1011N Nitto Denko

Equipment for nucleic acid synthesis will be installed at Nitto Denko's Massachusetts plant.

OSAKA -- Japan's Nitto Denko has acquired two U.S. biomedical companies so it can handle all drug production steps on its own.

The roughly 5 billion yen ($48.3 million) in total outlays shows the Osaka-based company's increasing focus on the medical segment amid weakness in its mainstay electronics materials business.

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