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Sumitomo In Cell Therapy Pivot With New JV, US Sales Push

Response To Ongoing Business Challenges?

 
• By Lisa Takagi

The struggling Japanese pharma group is aiming to grow its new cell therapy business in the US and Japan to $2.3bn by the late 2030s.

(Shutterstock)

After years of financial struggles related to its mainstay product’s loss of exclusivity and multiple failures of R&D projects, Sumitomo Pharma is further pivoting toward its allogeneic induced pluripotent stem cell (iPSC) therapy business with a new joint venture.

RACTHERA was established in November in Tokyo with JPY1m ($6,400) in capital from the Japanese firm and its parent Sumitomo Chemical and will start operations on 1 February 2025.

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