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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Thu Feb 21, 2013 8:39am IST 

* Nifty futures on the Singapore Exchange down 0.6 
percent, while the MSCI-Asia Pacific index, excluding Japan  
 fell 1.44 percent.          
* Asian shares fell and the Australian dollar eased on Thursday
as risk sentiment was shaken by talk in global markets overnight
that a hedge fund had been liquidating large positions in
commodities, as well as worries the Federal Reserve could slow
its bond buying programme.   
* Foreign investors bought 4.33 billion rupees of stocks, while
domestic institutions sold 5.91 billion rupees of stocks on
Wednesday, when the BSE index rose 0.04 percent.  
* Shares are expected to be range-bound until the 2013-14 budget
is unveiled on Feb. 28. The budget session of Indian parliament
begins.

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