NESS ZIONA, Israel & MOSHAV SHARONA, Israel--(BUSINESS WIRE)-- NRGene (TASE: NRGN), an AI based genomic company operating in the agricultural industry, and Top Seeds International Ltd., a global seed company wholly owned by Mitsui & Co., Ltd., have signed a collaboration agreement to develop and commercialize new and improved cherry tomato varieties.
Mitsui & Co has reached out to a fellow Japanese corporate Daiichi Sankyo to insulate IHH Healthcare, a portfolio company, from an ongoing litigation in India, said two people aware of the developments. The trading giant is the largest shareholder of healthcare group IHH Healthcare Berhad. The Malaysian operator is, in turn, the largest shareholder in Fortis, with a 31% stake.
Japanese companies received the highest number of drug approvals from the Drug Controller General of India in 2016, beating their American and Swiss counterparts. Out of the 20 approvals that came in the past year, five went to four Japanese companies: Eisai, Takeda, Dainippon Sumitomo and Mitsubishi Tanabe.
Japan's Mitsui & Co., a broad-based trading conglomerate, has bought a stake in Hyderabad-based Keimed, India's top drug and medical supplies wholesaler, entering a market that is rich in promise but fraught with regulatory hurdles.