Press Release & Update
- Press Release & Update
- Basic Agreement on the Establishment of a Joint Venture
Basic Agreement on the Establishment of a Joint Venture
The Research Foundation for Microbial Diseases of Osaka University
Mitsubishi Tanabe Pharma Corporation
The Research Foundation for Microbial Diseases of Osaka University (“BIKEN Foundation”) and Mitsubishi Tanabe Pharma Corporation (“Mitsubishi Tanabe Pharma”) have reached a basic agreement to establish the joint venture “BIKEN Corporation” on the basis of BIKEN Foundation’s vaccine manufacturing business.
The BIKEN Foundation is a specialized manufacturer that has engaged in vaccine manufacture and sale for over 80 years. Under its founding mission to “protecting precious lives around the world through excellent vaccines.” the BIKEN Foundation has devoted itself to research and development of a wide range of vaccines for preventing infectious diseases and has produced many of Japan’s first vaccines. Currently, the BIKEN Foundation supplies the largest amount of vaccines to the Japanese market. However, in recent years, due to the outbreak of various infectious diseases, supply statuses of vaccines, and other circumstances, the Foundation is expected to further increase its vaccine supply.
Meanwhile, Mitsubishi Tanabe Pharma has cooperated with BIKEN Foundation for over 50 years as a distributor of BIKEN Foundation-manufactured vaccines. In the years to come, Mitsubishi Tanabe Pharma will establish BIKEN Corporation and help enhance its production system, thereby ensuring a consistent supply of competitive and high-quality vaccines in both Japanese and overseas markets.
The joint venture that the BIKEN Foundation and Mitsubishi Tanabe Pharma plan to establish will combine Mitsubishi Tanabe Pharma’s pharmaceutical production systems, management methods, and other strengths with the BIKEN Foundation’s vaccine manufacturing technologies, thereby accelerating enhancement of BIKEN’s manufacturing base. By doing so, the joint venture is hoped to contribute to an even more steady supply of vaccines.
BIKEN Corporation and the BIKEN Foundation will combine their strengths as a vaccine specialist group called the “BIKEN Group” and work for better public health both in Japan and the entire world.
The BIKEN Foundation and Mitsubishi Tanabe Pharma have agreed on the following matters. The parties will also decide on other specific matters through discussions.
(1) Name: BIKEN Corporation
(2) Location: Kanonji City, Kagawa Prefecture, Japan
(3) Business: Vaccine manufacture
(4) Start date of operation: Scheduled on September 1, 2017
(5) Capital: To be decided
(6) Capital contribution ratios: BIKEN Foundation 66.6%
Mitsubishi Tanabe Pharma 33.4%
(7) Representative: To be decided (To be sent from BIKEN Foundation)
(8) Officers: Directors (four from BIKEN Foundation, and two from Mitsubishi Tanabe Pharma)
Corporate auditors (one full-time auditor from BIKEN Foundation, and one part-time auditor from Mitsubishi Tanabe Pharma)
(9) Employees: Approximately 500 production operators, to be loaned mainly from BIKEN Foundation
Employees engaged in joint-venture business, to be loaned from Mitsubishi Tanabe Pharma
|Name||The Research Foundation for Microbial Diseases of Osaka University|
|Location||Osaka University, 3-1 Yamadaoka, Suita city, Osaka 565-0871, Japan|
|Representative||Koichi Yamanishi, Director General|
|Business activities||Research on microbial diseases, manufacture and sale of vaccines, etc., aid to academic research, clinical trials|
|Basic fund||JPY 500,050,000|
|Date of foundation||June 6, 1934|
|Number of employees||823 (end of September 2016)|
|Sales||JPY 36.3 billion (FY2015)|
|Name||Mitsubishi Tanabe Pharma Corporation|
|Location||3-2-10 Dosho-machi, Chuo-ku, Osaka city 541-8505, Japan|
|Representative||Masayuki Mitsuka,President & Representative Director|
|Business activities||Manufacture and sale of pharmaceuticals, centered on ethical drugs|
|Capital||JPY 50 billion|
|Date founded||December 15, 1933|
|Number of employees||7,373 (end of September 2016)|
|Sales||JPY 431,7 billion (FY2015)|
We will inform you of any potential effects on Mitsubishi Tanabe Pharma’s future performance.
For further details, contact:
Public Relations Section, The Research Foundation for Microbial Diseases of Osaka University Tel: +81-6-6877-4802
Corporate Communications Dept.,Mitsubishi Tanabe Pharma Corporation Tel: +81-6-6205-5211