Shionogi Sets Up In Europe, To Develop Pipeline Before The "Crestor Cliff"

Anticipating the loss of royalties from Crestor in the next five years, Japanese innovator Shionogi continues its globalization process with a U.K. headquarters to pursue development of its late-stage research pipeline in Europe.

The Japanese pharmaceutical company Shionogi & Co. Ltd. has for the first time established a direct business presence in Europe, by setting up its European headquarters in London. The H.Q. will be involved across Europe in coordinating R&D, although the company has not yet decided whether it will have a commercial presence in each country or will market through partners.

The move is part of a globalization process that started with the acquisition of the U.S. company Sciele Pharma in...

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