Oasis seeks shareholder meeting at Kobayashi Pharma amid yeast scandal

Activist investor wants independent directors and new investigator at Japanese drugmaker

20241202N red yeast

Kobayashi Pharmaceutical's red yeast supplement has been linked to dozens of deaths. (Photo by Koji Uema)

KENTA ANDO and NEO JIMBO, Nikkei staff writers

OSAKA -- Activist investor Oasis Management has requested that Kobayashi Pharmaceutical hold an extraordinary shareholders meeting in response to the scandal surrounding a red yeast supplement linked to dozens of deaths, the Japanese drugmaker said Monday.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.