Kyorin Pharma To Shut Down US Subsidiary ActivX

End Of Line For 2004 Acquisition

04 Aug 2022

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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