Potential Santen, Centaur India Eye Care Alliance Off
Indian firm Centaur confirms to Scrip that a planned alliance with Santen for the Indian market is not going ahead, as the mid-sized Japanese ophthalmic specialist says it is looking to build up its direct presence in Asia.
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CEO of Japanese ophthalmology specialist lays out clear-sighted business vision as track laid for expansion into global markets and new indications amid expiry challenges at home. New modalities are also being explored to meet needs in demanding disorders, Shigeo Taniuchi tells Scrip in an exclusive interview.
Once dubbed “the sick man of Asia,” the Philippines is now being touted by many as the ASEAN nation worthy of investment consideration. It is not to suggest there are no challenges. International companies frequently cite lack of decision-making transparency and corruption as key operating challenges, plus a bureaucracy that can slow down processes. But an ongoing increase in pharmaceutical consumption, coupled with government investment in universal health care, as well as economic and population growth, make the Philippines an interesting and attractive mid-term pharmaceutical market in Asia.
Another Japanese company is building its Chinese presence through a local partnership, this time eye care specialist Santen, which is planning to link with a state-owned company in Chongqing.