Who: Daiichi Sankyo
With: Ranbaxy
What: $4.6B buyout

Scoop: Takeda wasn't the only Japanese drugmaker to ink a billion-dollar deal. In a $4.6 billion deal, Daiichi Sanyko bought Indian powerhouse Ranbaxy. That move positions Daiichi Sankyo to become a major supplier of low-priced generics to Japan's aging population and accelerates a trend by Japanese pharma companies to enter emerging Asian markets, where they see much of their future growth. Ranbaxy, as part of Daiichi, will get to further expand its efforts to become a research-based drug developer.

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