GENE ONLINE|News &
Opinion
Blog

2020-04-01| Asia-Pacific

Amgen to Serve Japanese Healthcare Market with Complete Ownership of 7 Year Joint Venture

by Ruchi Jhonsa
Share To

By Ruchi Jhonsa, Ph.D.

Established in 1980, Amgen, a pioneer biotechnology company today announced that it has expanded its geographic presence in Japan by completing the purchase of 49% of shares of Amgen Astellas BioPharma KK (AABP) from Astellas Pharma Inc. Born in 2013, this joint venture was formed with an idea to bring together the strengths of Amgen’s medical innovations, and Astellas’ deep knowledge of medical needs in Japan to contribute to health care in the country.

With this complete ownership of the company, Amgen will be able to build a strong presence in Japan by bringing its global pipelines, ranging from cardiovascular disease, cancer, bone diseases, and neurological disorders. Amgen K.K. as it is now renamed will relocate its headquarters to Tokyo Midtown and will be headed by Steve Sugino as President and Representative Director.

“With roughly one-quarter of its population 65 or older, Japan will require ever more innovative medicines to treat diseases associated with the aging process,” said Robert A. Bradway, Chairman, and CEO of Amgen. “Our current and emerging portfolio of medicines matches up well with the needs of patients in Japan.”

Since its inception, the venture has launched three products in the Japanese market. Repatha was the first of its product launched in 2016 indicated for the treatment of patients with familial hypercholesterolemia in Japan. In 2018, another immunotherapy drug by the name Blincyto came out of the collaboration treating B-cell acute lymphoblastic leukemia followed by Evenity for osteoporosis treatment. The two companies will continue to work together on promoting these three products past this year in which Astellas will be responsible for the distribution and sales of the products.

Since 2011, Amgen expanded its presence from approximately 50 to 100 countries by investing its expertise and resources globally to serve the demand for better healthcare around the world. Late last year, Amgen entered into a strategic collaboration with BeiGene, a research-based oncology-focused biotechnology company to expand the oncology presence in China, which has approximately four million people diagnosed with cancer every year.

“Amgen medicines have been available for patients in Japan for many years through local partnerships, including most recently our joint venture with Astellas. Going forward, Amgen K.K. will continue marketing our treatments for patients with cardiovascular disease, cancer and osteoporosis, as well as new medicines emerging from our pipeline,” said Steve Sugino, president and representative director of Amgen K.K. “As Amgen K.K., we will continue to work and invest to become an even more valuable member of the healthcare community in Japan.”

Related Article: Japan Trials Asthma Drug Alvesco to fight COVID-19

References
  1. https://www.astellas.com/en/news/15541
  2. https://www.amgen.com/media/news-releases/2020/04/amgen-establishes-wholly-owned-affiliate-in-japan/
  3. http://investors.amgen.com/news-releases/news-release-details/amgen-and-astellas-announce-japan-alliance

 

©www.geneonline.com All rights reserved. Collaborate with us: service@geneonlineasia.com
Related Post
Takeda, Astellas, and Sumitomo Mitsui Banking Declare Agreement For Early Drug Discovery Program Incubation in Joint Venture
2024-04-23
R&D
Mayo Clinic Researchers Invent Hypothesis-Driven AI for Cancer Research Breakthroughs
2024-03-14
Wegovy Expands Its Reach: First Weight-Loss Medication Approved to Reduce Cardiovascular Risk
2024-03-11
LATEST
ImmunityBio’s ANKTIVA® Granted FDA Approval: Breakthrough IL-15 Receptor Agonist First-in-Class for BCG-Unresponsive Non-Muscle Invasive Bladder Cancer
2024-04-24
Takeda, Astellas, and Sumitomo Mitsui Banking Declare Agreement For Early Drug Discovery Program Incubation in Joint Venture
2024-04-23
Ochre Bio Announces Partnership with Boehringer Ingelheim to Develop Novel Regenerative Treatments for Patients with Advanced Liver Disease
2024-04-22
Earth Day Awareness: Hospitals Embrace Sustainability Efforts
2024-04-22
WHO Raises Alarm: Bird Flu Threat to Humans an ‘Enormous Concern’
2024-04-19
The Legal Battlefield of Weight-Loss Drugs: Eli Lilly and Novo Nordisk on the Defensive
2024-04-18
Pharmacogenomics in Asia-Pacific: Nalagenetics CEO Levana Sani Offers Insights and Strategies
2024-04-17
EVENT
2024-04-27
2024 Biomedical Final Pitch Competition
Room DA1620, Dana Building, Dana-Farber Cancer Institute, 99 Jimmy Fund Way, Boston, MA 02115
Scroll to Top