PRA and Takeda establish new joint venture in Japan

By Melissa Fassbender contact

- Last updated on GMT

PRA and Takeda establish new joint venture in Japan
PRA Health Sciences and Takeda Pharmaceutical Company are expanding their partnership to Japan as Takeda accelerates the “transformation” of its R&D organization.

Julia Ellwanger, a spokesperson for Takeda told us the company decided to establish the joint venture in Japan after discussing what the optimal business structure in the Japanese environment would be, while globally, keeping the partnership between Takeda and PRA.

The innovative partnership provides a flexible operating model that combines operational expertise, transferred from Takeda to PRA, with PRA’s wide range of global capabilities​,” Ellwanger said.

The model is aimed at improving operating efficiencies, driving globalization, and reducing fixed infrastructure costs.

This flexible approach will facilitate the development of new medicines by focusing resources, teams and activities where needed, an important requirement for an industry-leading, highly agile R&D organization focused on meeting patient need​,” Ellwanger added.

As part of the new joint venture, Takeda will establish a new, wholly-owned subsidiary in the first quarter of 2017. The subsidiary will become a part of Takeda Development Center Japan.

After closing of the joint venture – which is expected in the second quarter of 2017 – the new subsidiary will be jointly owned by Takeda and PRA.

Takeda will also transfer all Takeda Pharmaceutical Data Services shares to PRA in the second quarter of 2017.

As announced on July 29, 2016 Takeda is accelerating the transformation of its R&D organization​,” said Ellwanger.

The change is a global effort that is looking to refocus R&D on targeted therapeutic areas and to concentrate R&D organization in Japan and the US.

Ellwanger explained, “This transformation is intended to create and sustain an industry-leading, lean, highly agile, and collaborative organization that delivers innovative, highly-differentiated products to patients​.”

(Feature image: iStock/bedo)

Related news

Show more

Related products

VDS groß

Meet the challenges of complex injectables

Vetter Pharma International GmbH | 07-Nov-2017 | Technical / White Paper

In the time it takes from the exciting discovery phase to the rigorous demands of a commercial launch, unexpected scientific and technical challenges can...

lyo_vials

Process Development for Lyophilized Products

Baxter BioPharma Solutions | 30-Oct-2017 | Application Note

Baxter approaches formulation and process development with the intention of identifying the failure points for the product. Knowing where the product fails...

Ocopeptides

Advancing therapeutics for myeloma

Recipharm AB | 04-Sep-2017 | Case Study

Multiple myeloma is the second most common blood cancer in the world and despite survival rates increasing over the last decade, there remains a requirement...

Related suppliers