Dr. Reddy's and Fujifilm Halt Plans for Joint Venture - Pharmaceutical Technology

Latest Issue
PharmTech

Latest Issue
PharmTech Europe

Dr. Reddy's and Fujifilm Halt Plans for Joint Venture


Fujifilm and Dr. Reddy’s Laboratories have decided to terminate a Memorandum of Understanding (MoU), signed in 2011, to enter into an exclusive partnership in the generic drugs business for the Japanese market and to establish a joint venture in Japan, the companies announced in a press release. Fujifilm realigned its long-term growth strategy for the pharmaceutical business, and both companies mutually agreed to terminate the MoU.

The two companies will continue to explore partnership and alliance opportunities in other pharmaceutical businesses such as API development and manufacturing, contract research and development and manufacturing, and the development and marketing of super-generics. Dr. Reddy's continues to be committed to a planned entry into Japan to bring affordable and innovative drugs to more patients worldwide, said GV Prasad, chairman and CEO of Dr. Reddy's, in the press release.

Fujifilm’s Pharmaceutical Products Division will focus in the long term on new drugs in cancer fields, more value-added super generics, and bio-related businesses, commented Takatoshi Ishikawa, director, corporate vice-president, and general manager of Fujifilm’s Pharmaceutical Products Division, in the press release.

ADVERTISEMENT

blog comments powered by Disqus
LCGC E-mail Newsletters

Subscribe: Click to learn more about the newsletter
| Weekly
| Monthly
|Monthly
| Weekly

Survey
FDASIA was signed into law two years ago. Where has the most progress been made in implementation?
Reducing drug shortages
Breakthrough designations
Protecting the supply chain
Expedited reviews of drug submissions
More stakeholder involvement
Reducing drug shortages
29%
Breakthrough designations
10%
Protecting the supply chain
43%
Expedited reviews of drug submissions
10%
More stakeholder involvement
10%
View Results
Jim Miller Outsourcing Outlook Jim Miller Health Systems Raise the Bar on Reimbursing New Drugs
Cynthia Challener, PhD Ingredients Insider Cynthia ChallenerThe Mainstreaming of Continuous Flow API Synthesis
Jill Wechsler Regulatory Watch Jill Wechsler Industry Seeks Clearer Standards for Track and Trace
Siegfried Schmitt Ask the Expert Siegfried SchmittData Integrity
Sandoz Wins Biosimilar Filing Race
NIH Translational Research Partnership Yields Promising Therapy
Clusters set to benefit from improved funding climate but IP rights are even more critical
Supplier Audit Program Marks Progress
FDA, Drug Companies Struggle with Compassionate Use Requests

Click here