Dr Reddy’s and Fujifilm call off joint venture for generics in Japan

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Dr Reddy’s and Fujifilm call off joint venture for generics in Japan

Generics/News | Posted 07/06/2013 0 Post your comment

Two years after signing a deal to work together on generics in Japan, Fujifilm Corporation (Fujifilm) and Dr Reddy’s Laboratories (Dr Reddy’s) have called off their agreement.

Fujifilm and Dr Reddy’s have decided to terminate the Memorandum of Understanding (MoU) signed on 28 July 2011, which would have seen Fujifilm owning 51% of a joint venture targeting Japans growing generics market – the sixth largest generics market in the world.

Fujifilm, however, has now decided to focus on proprietary cancer drugs, super generics and biologicals. Fujifilm launched a biosimilars joint venture with biotech firm Kyowa Hakko Kirin on 27 March 2012, initially focusing on the development of biosimilar adalimumab [1].

Fujifilm will continue to collaborate with Dr Reddy’s in other fields, such as active pharmaceutical ingredients (APIs), development and manufacturing, contract research, development and manufacturing; and the development and marketing of super generics.

Despite this setback Dr Reddy’s stated that the generics giant is still committed to a planned entry into Japan to bring affordable and innovative drugs to more patients worldwide.

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Reference

1. GaBI Online - Generics and Biosimilars Initiative. Fujifilm and Kyowa launch biosimilars joint venture [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2013 Jun 7]. Available from: www.gabionline.net/Biosimilars/News/Fujifilm-and-Kyowa-launch-biosimilars-joint-venture

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Source: Dr Reddy’s