Japan Q3 Roundup: Majors Enjoy Forex Windfall But COVID Returns Decline

Mainstays Mostly Strong

While the weaker yen boosted the top line for Japanese pharma companies with a strong global presence in the fiscal first half, it also raised reported costs. Several firms reported strong growth for mainstays, while holding out high hopes for selected new drugs with blockbuster potential. But some other products underperformed for unexpected reasons.

Q2 results from Takeda, Astellas, Daiichi, Shionogi, Eisai and Q3 result from Chugai all showed positive growth.
Q2 results from Takeda, Astellas, Daiichi, Shionogi, Eisai and Q3 result from Chugai all showed positive growth. • Source: Shutterstock

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