Japanese pharma companies turn to China for drug discovery, growth
Astellas Pharma will open a research and development center -- the company's first in China -- in Beijing as soon as this year.
The company already has sales and clinical trial facilities in Beijing and Shanghai, as well as a production base in Shenyang. The Beijing R&D hub will handle drug discovery.
Daiichi Sankyo is investing about 1.1 billion yuan ($162 million) to increase China production capacity by starting operations at a Shanghai pharmaceutical production facility in fiscal 2030. The plant is expected to make the company's flagship cancer treatment Enhertu, as well as Datroway, a new cancer drug that Daiichi Sankyo hopes to grow into a major earner.
Takeda Pharmaceutical and Eisai have partnered with Chinese biotech companies to expand their pools of drug candidates.
China's level of drug development is rapidly approaching that of the U.S., said Takeda President and CEO Christophe Weber, who pointed to advantages like lower costs and faster clinical trials.