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Otsuka Chemical Succeeded Part of the Cefixime Business from Astellas Pharma

News provided by Otsuka Chemical Co., Ltd.
June 07, 2019 14:54 KST

OSAKA, JAPAN--(Business Wire / Korea Newswire) June 07, 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.

Company Profile

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)
Business Description: Manufacturing and sales of chemical products
 
Astellas Pharma Inc.
Established: April 1923
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)
Business Description: Research and development, manufacturing, and sales of pharmaceuticals
 
View source version on businesswire.com: https://www.businesswire.com/news/home/20190604006187/en/

Contact

Otsuka Chemical Co., Ltd.
General Affairs
Hidetosihi Hironishi
Occ.Release@otsuka.jp

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