Otsuka expands in Eastern Europe with Czech buy
This article was originally published in Scrip
Otsuka Pharmaceuticalhas acquired the private Czech company Interpharma Praha in a bid to strengthen its presence in Eastern Europe and the manufacturing sector.
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Headquartered in both China and US, the new firm will help partners bring drugs to China and other Asian markets. Novavax licenses COVID-19 vaccine in Japan to Takeda, following previous week’s deal for the vaccine in India.
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Although oncology remained strong, Japanese major says it saw multiple impacts from the pandemic, including on hospital visits and clinical trial recruitment, and has already cut its full-year guidance.