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Kyorin Pharma To Shut Down US Subsidiary ActivX

End Of Line For 2004 Acquisition

 
• By Lisa Takagi

Kyorin Pharma is to end operations at its US subsidiary ActivX 18 years since its acquisition. Although the California firm’s kinase-probing technology has contributed to Kyorin’s R&D, the Japanese firm acknowledged limits to future applicability in the development of candidate compounds.

Kyorin decided to shut down its subsidiary ActivX
ActivX to end operations by 31 March 2023 • Source: Shutterstock

Kyorin Pharmaceutical Co., Ltd. will shut down its US subsidiary ActivX Biosciences Inc. by the end of March 2023, saying the California bioventure, acquired for $21m in 2004, had made valuable contributions but that these had now run their course.

Kyorin’s parent company Kyorin Holdings, Inc. announced the decision on 2 August and all 47 employees of ActivX will be...

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