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PhRMA, EFPIA Threaten Japan Council Pull-Out Over Venture Fund Plan

MHLW Proposal Still Lacks Clarity

 
• By Lisa Takagi

Major foreign pharma industry groups in Japan are threatening to pull out of a planned public-private council initiative over a proposed sales tax on certain drugs to fund drug discovery.

(Shutterstock)

For the pharma industry in Japan, 2025 has started off with an unexpected fuss.

EFPIA (the European Federation of Pharmaceutical Industries and Associations) and PhRMA (Pharmaceutical Research and Manufacturers of America) issued an unusual joint statement criticising a number of the Japanese government’s recent policies and initiatives,

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