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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Fri Jan 4, 2013 8:41am IST 

* Nifty futures on the Singapore Exchange fell 0.1
percent. The MSCI-Asia Pacific index, excluding Japan
 fell 0.8 percent.     
* Asian shares fell on Friday, tracking overnight weakness in
global equities, but the dollar gained as U.S. debt yields rose
after several Federal Reserve officials expressed concerns about
 continuing to expand stimulative bond buying.  
* Foreign investors bought 13.97 billion rupees of stocks, while
domestic institutions sold 9.06 billion rupees of stocks on
Thursday, when India's BSE index rose 0.26 percent.
* Traders expect consolidation to continue, while IT stocks may
remain firm on expectations of better-than-expected quarterly
earnings.
* Also on watch, India Services PMI for December. (0530 GMT)

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