Glaxo thinks big with joint Japanese vaccines venture
GlaxoSmithKline, Britain's biggest drug maker, yesterday set out plans for a joint venture with Tokyo-based Daiichi Sankyo that will make it the largest vaccines company in Japan.
The 50-50 venture between Glaxo and Daiichi, which is the third-biggest pharmaceuticals company in Japan, will see new vaccines entering the Japanese market, which is known for its slow acceptance of drugs.
The business, to be called Japan Vaccine Co, will sell Glaxo and Daiichi Sankyo existing vaccines, including GSK's cervical cancer jab Cervarix, Daiichi's seasonal flu vaccine, and a mumps, measles and rubella vaccine, with the aim of expanding as new jabs in the drug makers' pipelines receive approval from regulators.
The companies are investing ¥100m (£774,000) to cover the start-up costs of the business.
Christophe Weber, the headof vaccines at Glaxo, said: "This collaboration marks another step in our strategy to build our presence in key growth markets."
- 1 Stem cells that can kill cancer have been engineered by scientists
- 2 Ricky Gervais and Dame Judi Dench back campaign to stop Thailand dog meat trade
- 3 Russell Brand says he will 'probably' give up acting to focus on his revolution
- 4 Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
- 5 Queen's first tweet: Reply telling Her Majesty to 'f*** off' broadcast on BBC News
Stem cells that can kill cancer have been engineered by scientists
Ottawa shooting: 'Sergeant-at-arms shot suspect at point-blank range after diving around pillar'
Russell Brand says he will 'probably' give up acting to focus on his revolution
McKamey Manor: This 'extreme' haunted house is the stuff of nightmares
Jack Bruce dead: Cream bass player dies of liver disease aged 71
iJobs Money & Business
£60000 per annum: Ashdown Group: Compensation and Benefits Manager - Compensat...
£30000 - £35000 Per Annum plus excellent benefits: Clearwater People Solutions...
£24000 - £28000 per annum + bonus & benefits: Ashdown Group: IT Business Syste...
£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...