Taiko Gains on Japan’s Drug-Resistant Bacteria Cases
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Taiko Pharmaceutical Co., a Japanese maker of antiseptics, rose the most since listing on the Tokyo Stock Exchange after several types of drug-resistant bacteria were reportedly found in the country.
The stock surged 29 percent to 1,336 yen as of 1:26 p.m. on the exchange, the biggest gain since March 2009. Taiko has fallen 30 percent this year, compared with 7.8 percent decline in the benchmark Topix index.