Fujifilm Will Buy Drugmaker Toyama | Chemical & Engineering News
Volume 86 Issue 7 | p. 16 | Concentrates
Issue Date: February 18, 2008

Fujifilm Will Buy Drugmaker Toyama

Department: Business

Film and photocopier maker Fujifilm is entering the pharmaceutical business through the acquisition of most of fellow Japanese firm Toyama Chemical. Fujifilm will spend about $1.45 billion and expects to end up with a 66% stake in the firm. Japan's Taisho Pharmaceutical will hold the rest. Fujifilm says Toyama has a strong new drug pipeline, including T-705, an influenza drug targeted at treating bird flu.

 
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