Teva and Takeda partner for generics in Japan

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Teva and Takeda partner for generics in Japan

Home/Pharma News | Posted 11/12/2015 0 Post your comment

Israeli generics giant Teva Pharmaceutical Industries (Teva) and Japan-based Takeda Pharmaceutical (Takeda) announced on 30 November 2015 that they had made a partnership to provide generics in Japan.

The joint venture will market Teva’s generics and Takeda’s off-patent drugs in Japan. It will operate as an independent company with its own Board of Directors, Chief Executive Officer, and Executive Leadership team and is expected to start operating in the second quarter of 2016. The two companies will split ownership 51% for Teva and 49% for Takeda.

The partners said the new venture will combine Teva’s generics portfolio with Takeda’s Japanese distribution network and brand recognition. They added that the business model is in line with the Japanese Government’s push to limit healthcare spending by increasing market penetration for generics. In response to the high amount of spending on medicines in Japan [1], the government has set the objectives to reach 80% generics penetration by the end of 2020.

Reference
1. GaBI Online - Generics and Biosimilars Initiative. Prescribing and dispensing generics in Japan [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2015 Dec 11]. Available from: www.gabionline.net/Generics/Research/Prescribing-and-dispensing-generics-in-Japan

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Source: Takeda, Teva