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Nichi-Iko Offers Heartfelt Apology As It Forecasts Huge Annual Loss

As Analyst Warns: Pharmacies And Medical Institutions ‘May Start To Desert Nichi-Iko’

Executive Summary

Nichi-Iko’s first-half financial results made for unhappy reading again as the company’s bottom line was battered by longstanding quality problems, leading the firm to announce huge projected losses for its current financial year ending in March 2022.

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Sawai Urges Japan To Take 'Best And Only Chance' To Reform Pricing Amid Generic Crisis

Kenzo Sawai, president of Japanese generics giant Sawai Pharmaceutical, tells Scrip in the first of a two-part exclusive interview about the firm’s strategy and backstory of efforts to maintain product supplies amid the country’s ongoing generic crisis. He also urges Japan to take "the best and only chance" to reform its drug pricing system to help the entire market survive.

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“The outlook remains uncertain,” one analyst has noted as troubled Japanese manufacturer Nichi-Iko published its nine-month financial results, even as the company’s domestic losses slowed down and its US Sagent unit improved its sales by double-digits.

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