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Pharmaceuticals

Nichi-Iko Pharma seeks debt restructuring aided by white knight

Scandal-hit Japan drugmaker opts for alternative dispute model

Nichi-Iko Pharmaceutical is one of Japan's largest manufacturers of generic drugs. (Photo courtesy of the company)

TOYAMA -- Nichi-Iko Pharmaceutical, the generic drug manufacturer damaged by a quality compliance scandal, has filed for an out-of-court turnaround process with financial backing from a bailout fund, the Japanese company said Friday.

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