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U.S. drugmaker Schering-Plough Corp. said it aims to triple its sales in Japan
over the next five years by launching key medicines such as cholesterol fighter
Zetia.
Drugs and pharmaceuticals figured among the top five sectors accounting for
maximum foreign direct investments (FDI) in the country during April 2002 to
December 2004.
Dainippon Pharmaceutical and Kowa announced that they have concluded an agreement
on the upcoming transfer of Dainippon's over-the-counter (OTC) drug business
to Kowa.
Drug exporters said they are eyeing to secure a slice of huge medicine market
in Africa as those countries are largely depended on India's low-cost generic
copies of patented drugs.
Canon Inc., a major maker of office equipment and digital cameras, plans
to enter the pharmaceutical business, the Nihon Keizai Shimbun reported, citing
unidentified company officials.
Following last week's approval of the World Trade Organisation-compliant
patent law in India, Uganda has led criticism of the measure from a number of
Sub-Saharan African countries affected by the HIV/AIDS pandemic.
The Brazilian government is planning a new measure to lower prices
on treatments for chronic diseases such as diabetes and hypertension by as much
as 50%.
Although EU accession is expected to boost the fortunes of the pharmaceutical
sector in Poland in the longer term, it is clear that the process is bringing
severe cost challenges to local drugmakers.
Official data indicates that Singapore's drug manufacturing sector
went into a sharp decline in February 2005, despite widespread confidence in
the industry and expectations that it would continue the strong growth seen
in recent years.
A local businessman and 20 others have filed suit against the venture capital
arm of British pharmaceutical giant GlaxoSmithKline, alleging it violated multiple
securities laws as part of its investments in Virginia software company Clareos.