Through this agreement, Otsuka Chemical acquires the business of Cefixime from Astellas Pharma to supply the API (Active Pharmaceutical Ingredient) to overseas licensees along with assets such as contracts belonging to the licensing business and the trademark. This means our company’s entry into the API business, resulting in strengthening the integrated antibiotic-related business from intermediates to API.
Cefixime developed by Astellas Pharma is a third-generation cephalosporin with antibacterial activity against gram-positive and gram-negative bacteria and it is extensively prescribed worldwide.
In addition to the main business field of chemicals, Otsuka Chemical will continue strengthening the manufacturing technology of high-quality API and their marketing and brand power to promote pharmaceutical-related business and CMO business by taking advantage of key technologies cultivated in the field of organic and inorganic chemicals.
Company Profile
Otsuka Chemical Co., Ltd.
Established : August 29, 1950
Capital : 5 billion yen
President : Takeharu Harashima, President and Representative Director
Head Office : 3-2-27, Ote-Dori, Chuo-Ku, Osaka, 540-0021 Japan
Employees : 1,857 (consolidated; as of December 31, 2018)
Business Description : Manufacturing and sales of chemical products
Astellas Pharma Inc.
Established : April 1923
Capital : 103 billion yen
President : Kenji Yasukawa, President and CEO
Head Office : 2-5-1, Nihonbashi-Honcho, Chuo-Ku, Tokyo 103-8411, Japan
Employees : 16,243 (consolidated; as of March 31, 2019)
Business Description : Research and development, manufacturing, and sales of pharmaceuticals
View source version on businesswire.com: https://www.businesswire.com/news/home/20190604006187/en/
Contacts
Hidetosihi Hironishi
Otsuka Chemical Co., Ltd.
General Affairs
Occ.Release@otsuka.jp
Source: Otsuka Chemical Co., Ltd.
Reporter: PR Wire
Editor: PR Wire
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