Nichi-Iko Pledges Return To Form After Turbulent Financial Year
Japanese Firm Entered Dispute Resolution Procedure In March
Nichi-Iko experienced substantial losses over the financial year ended 31 March 2022, as one of many Japanese generics firms found to have been falling short on GMP since the beginning of 2021.
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Japan’s Nichi-Iko has formally entered a business turnaround alternative dispute resolution process that will see the company outline a business rehabilitation plan involving management restructuring and a fresh profit structure, following financial underperformance in the wake of recent quality issues.
A Year's Struggle: How Japan Is Recovering Damaged Generic Supplies After Quality Violations
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