Dec 1, 2016

Aussie schoolboys recreate price-gouged HIV medicine

A group of Australian schoolchildren working on a shoestring budget have recreated the HIV drug whose price was controversially jacked up 5,000 percent by a former hedge fund manager. U.S. drug company chief Martin Shkreli became a global figure of hate after buying the ...

May 6, 2016

Daiichi Sankyo awarded damages over cover-up at Indian ex-subsidiary

Daiichi Sankyo Co. said Friday that an international arbitration court has ordered former shareholders of an Indian firm it acquired in 2008 to pay the drugmaker around ¥56.2 billion ($524 million) for concealing critical information. Daiichi Sankyo sold its stake in Ranbaxy Laboratories Ltd. ...

Japan takes aim at ballooning drug prices as costs strain health budget

Feb 8, 2016

Japan takes aim at ballooning drug prices as costs strain health budget

When two of the world’s biggest pharmaceutical companies announced a tie-up in Japan, its $78 billion drug industry took note. In November, the nation’s largest drugmaker, Takeda Pharmaceutical Co., said it’d separate its off-patent products and share its extensive domestic distribution network with Israel’s ...

Aug 25, 2015

Health ministry aims to expand Japan's pharmaceutical industry

The health ministry has compiled an outline of its comprehensive strategy for the country’s pharmaceutical industry, underlining the need for discussions on an expansion of the industry through mergers and acquisitions. In the outline released Monday, the ministry also said that it will consider ...

Takeda gains first foreign chief as Weber is appointed CEO

Mar 5, 2015

Takeda gains first foreign chief as Weber is appointed CEO

Takeda Pharmaceutical Co. has named Christophe Weber chief executive officer as part of a planned succession that makes the French national one of the few international executives to lead a Japanese company. Weber, currently the chief operating officer, takes the new position effective April ...

Feb 6, 2015

Japanese Ebola drug works: France

The French National Institute of Health and Medical Research said Thursday that clinical trials of the Japanese influenza drug Avigan Tablet, also known as Favipiravir, are showing encouraging results on Ebola patients in Guinea. The office of the French president was informed of the ...