Pharmas form joint venture to jumpstart Japanese drug research

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via Three large Japanese firms are forming a joint venture to jumpstart drug research in their home country and stem a recent decline in the development of innovative medicines there.

On Monday, Takeda Pharmaceutical, Astellas Pharma and Sumitomo Mitsui Banking announced they’ve signed a deal to establish the as-yet unnamed joint venture, which will be tasked with incubating early drug discovery programs, primarily from Japan, and turning them into new therapies.

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