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Mitsubishi Tanabe Cuts Ties with Four-year Generics Subsidiary, But Sales Goals Remain

 
• By Daniel Poppy

Mitsubishi Tanabe sold all shares of its Choseido Pharmaceutical subsidiary after not meeting expectations, and must now reassess its generics strategy.

TOKYO - Mitsubishi Tanabe Pharma Corp. was one of the few of Japan’s major pharma companies to be vocal in its pursuit of generic drug growth in Japan and abroad, and has been enthusiastic about the prospects in Japan’s evolving market. The company announced a setback to that plan Oct. 19 by terminating an alliance and severing business ties with its generics subsidiary Choseido Pharmaceutical Co. Ltd.

Mitsubishi Tanabe has made ambitious projections for its generics operations in recent years. As recently as August, Nikkei reported Mitsubishi...

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More from Focus On Asia

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Most major Japanese firms report generally positive fiscal first quarter results, led by mainstay growth and despite lower currency effects. But the future impact of any US pharma tariffs remains an overhang.

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