Takeda establishes new trading company and reinforces business structure in China

TakedaTakeda Pharmaceutical Company Limited ("Takeda") today announced the launch of a new trading company in China, Takeda (China) International Trading Co., Ltd. ("TCIT"), which will strengthen its business structure in China, and is an important step in the local integration of Nycomed following Takeda's acquisition of Nycomed completed in September 2011.

TCIT, which began operations in January 2013, will serve as a central hub for importing Takeda products from the Company's global manufacturing sites. To complete the integration with Nycomed in China, about 500 employees from Nycomed Pharmaceutical Consultancy (Shanghai) Co., Ltd. ("Nycomed Shanghai") are being transferred to TCIT and other Takeda China organizations. The liquidation of Nycomed Shanghai is planned to be completed by the end of March 2015.

"Takeda provides patients across China with a broad portfolio of products, which are adapted to local patient needs. Our new business structure will simplify our distribution processes and improve our efficiency to better serve patients in this huge and important market," said Haruhiko Hirate, Corporate Officer and Head of North Asia of Takeda. "In conjunction with the recent opening of our Development Center in Shanghai, we are now best equipped to bring new products to Chinese patients as early as possible."

China is Takeda's seventh largest market by revenue, and a cornerstone of Takeda's strategy to grow in emerging markets. Takeda entered the Chinese market in 1994, and established a strong footprint in China, which today includes sales and marketing, development and manufacturing. Most recently, the acquisition of Nycomed and the investment in the Takeda Shanghai Development Center further strengthened Takeda's commercial position as well as clinical development capabilities.

China is expected to be the largest market in Asia, and second largest globally by 2016. Takeda is outpacing the market growth in China, with the highest market share among Japanese pharmaceutical companies in the country. The Company aims to achieve top line growth of 29% CAGR between FY 2012-2016.

Further information about Takeda (China) International Trading Co., Ltd.:
This company will import finished products from Takeda global manufacturing sites and transfer them to Takeda Pharmaceutical (China) Company Limited, which is the distribution hub for all Takeda products. The current sales force and marketing team of Nycomed Shanghai now belong to this company. The profile of this company is as follows:

  • Establishment: September 2012 (capital paid in October 2012)
  • Start of operation: January 2013
  • Location: Shanghai Waigaoqiao Free Trade Zone
  • Capital Stock: 8.4 million USD

About Takeda Pharmaceutical Company Limited
Located in Osaka, Japan, Takeda is a research-based global company with its main focus on pharmaceuticals. As the largest pharmaceutical company in Japan and one of the global leaders of the industry, Takeda is committed to strive towards better health for patients worldwide through leading innovation in medicine.

Most Popular Now

Forxiga receives positive EU CHMP opinion for the …

The Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has recommended a new indication for the marketing authorisation of Forxi...

US FDA grants Breakthrough Therapy Designation for…

AstraZeneca and its global biologics research and development arm, MedImmune, today announced that the US Food and Drug Administration (FDA) has granted Breakthrough Ther...

New pill can deliver insulin

An MIT-led research team has developed a drug capsule that could be used to deliver oral doses of insulin, potentially replacing the injections that people with type 2 di...

Merck to expand US biopharmaceutical R&D facil…

Merck, a leading science and technology company, today announced a $70 million investment to expand its state of the art research and development (R&D) facility in Biller...

Pfizer receives positive CHMP opinion for Vizimpro…

Pfizer today announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has adopted a positive opinion recommending V...

Cannabinoid compounds may inhibit growth of colon …

Medical marijuana has gained attention in recent years for its potential to relieve pain and short-term anxiety and depression. Now, Penn State College of Medicine resear...

Merck Granted U.S. Patent for novel combination of…

Merck, a leading science and technology company, today announced that it has been granted Patent No. US 10,193,695 by the United States Patent and Trademark Office (USPTO...

Simple drug combination creates new neurons from n…

A simple drug cocktail that converts cells neighboring damaged neurons into functional new neurons could potentially be used to treat stroke, Alzheimer's disease, and bra...

The Union for International Cancer Control and Pfi…

In conjunction with World Cancer Day, the Union for International Cancer Control (UICC) and Pfizer Inc. announce the third round of the Seeding Progress And Resources for...

Pfizer and Lilly announce top-line results from se…

Pfizer Inc. (NYSE:PFE) and Eli Lilly and Company (NYSE:LLY) today announced positive top-line results from a Phase 3 study evaluating tanezumab 2.5 mg or 5 mg in patients...

Merck and Tencent announce collaboration on intell…

Merck, a leading science and technology company, signed a strategic collaboration agreement with Tencent, a leading provider of Internet value added services. The collabo...

New insight into cell receptors opens the way for …

New research on how cancer mutations influence a certain type of receptor on the cell membrane opens the way for the development of tailored drugs for certain cancers, su...