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Published on 15 February 2008

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Fujifilm gets in pharma picture with Toyama offer

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Japan’s Toyama Chemical Co is the subject of a takeover bid worth some $1.44bn by photography giant Fujifilm Holdings Corp as the latter looks to get a foothold in the pharmaceutical sector.

Fujifilm may be best known for its cameras, but it also has a major presence in medical devices, selling endoscopes and digital X-rays.

Furthermore, the buyer seems to believe the pharma world offers more benefits long-term than camera film now the digital age has well and truly dawned.

Fujifilm chief executive Shigetaka Komori said his firm hoped to boost sales of medical products.

Fujifilm



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