Orchid Opens Subsidiary In Japan

Orchid Chemicals & Pharmaceuticals Ltd on April 10 declared the formation of its wholly owned subsidiary in Japan called Orchid Pharma Japan K K (Orchid Japan). Orchid Japan, headquartered in Tokyo, will drive Orchid''s entry into the high potential and growing Japanese generics market. Orchid considers that the Japanese generics market will grow at fast pace in the coming years due to an increasing recognition in the government and healthcare sectors of the need for quality generic medicines.