Otsuka has partnered with ICU Medical to enter the U.S. IV products market, leveraging ICU's Austin plant and aiming to enhance supply chain redundancy following disruptions from Hurricane Helene. The joint venture will focus on innovative PVC-free technologies and seeks FDA approval for overseas manufacturing sites. Investors reacted positively, with ICU Medical's shares rising over 1% amid a mixed financial report for Q3 2024.
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