Posted Jun 5, 2019 20:49 (GMT +7)
Otsuka Chemical Succeeded Part of the Cefixime Business from Astellas Pharma
TOKYO--(BUSINESS WIRE)--Jun. 05, 2019
Otsuka Chemical Co., Ltd. (Head office: Chuo-Ku, Osaka; President & Representative Director: Takeharu Harashima; hereinafter “Otsuka Chemical”) announces that it has succeeded part of the Cefixime business from Astellas Pharma, Inc. (Head Office: Chuo-Ku, Tokyo; President & CEO: Kenji Yasukawa, Ph.D.; hereinafter “Astellas Pharma”).
Through this agreement, Otsuka Chemical acquires the business of Cefixime from Astellas Pharma to supply the API (Active Pharmaceutical Ingredient) to overseas licensees along with assets such as contracts belonging to the licensing business and the trademark. This means our company’s entry into the API business, resulting in strengthening the integrated antibiotic-related business from intermediates to API.
Cefixime developed by Astellas Pharma is a third-generation cephalosporin with antibacterial activity against gram-positive and gram-negative bacteria and it is extensively prescribed worldwide.
In addition to the main business field of chemicals, Otsuka Chemical will continue strengthening the manufacturing technology of high-quality API and their marketing and brand power to promote pharmaceutical-related business and CMO business by taking advantage of key technologies cultivated in the field of organic and inorganic chemicals.
|Otsuka Chemical Co., Ltd.|
|Established||:||August 29, 1950|
|Capital||:||5 billion yen|
|President||:||Takeharu Harashima, President and Representative Director|
|Head Office||:||3-2-27, Ote-Dori, Chuo-Ku, Osaka, 540-0021 Japan|
|Employees||:||1,857 (consolidated; as of December 31, 2018)|
Manufacturing and sales of chemical products
Astellas Pharma Inc.
|Capital||:||103 billion yen|
|President||:||Kenji Yasukawa, President and CEO|
|Head Office||:||2-5-1, Nihonbashi-Honcho, Chuo-Ku, Tokyo 103-8411, Japan|
|Employees||:||16,243 (consolidated; as of March 31, 2019)|
|Research and development, manufacturing, and sales of pharmaceuticals|
View source version on businesswire.com: https://www.businesswire.com/news/home/20190604006187/en/
Otsuka Chemical Co., Ltd.
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