Drug Safety Settlement

A Ranbaxy office building is pictured in the northern Indian city of Mohali May 14, 2013. Indian generic drugmaker Ranbaxy Laboratories Ltd pleaded guilty on Monday to felony charges related to drug safety and will pay $500 million in civil and criminal fines under the settlement agreement with the U.S. Department of Justice. The settlement is its largest-ever with a generic drugmaker over drug safety, according to the U.S. government. It includes $150 million in payments for a criminal fine and forfeiture and $350 million in payments for civil claims. REUTERS/Ajay Verma (INDIA - Tags: HEALTH BUSINESS)

Daiichi Sankyo says it was misled over Ranbaxy U.S. probes

Japanese drugmaker Daiichi Sankyo Co, which bought control of Ranbaxy Laboratories in 2008, said it believes unnamed former shareholders of the company hid information regarding U.S. regulatory probes into Ranbaxy.  Full Article 

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Mon Dec 10, 2012 8:36am IST 

* Nifty futures on the Singapore Exchange up 0.3
percent. The MSCI-Asia Pacific index excluding Japan
 also gains 0.37 percent.    
* Asian shares crept higher on Monday as investors took heart
from economic data from China and the United States that raised
hopes about the outlook for growth in the world's top two
economies.   
* Foreign investors bought 6.48 billion rupees of stocks, while
domestic institutions sold stocks worth 7.98 billion rupees on
Friday, when the BSE index fell 0.32 percent.
* Market participants say trend remains bullish although some
argue that the reform optimism-led buying may give way to a
technical correction. 
For graphic: link.reuters.com/quj54t 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
India Markets
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