Daiichi Sankyo Announces Reorganization of its Research & Development Structure

For Immediate Release

2015.12.01

Daiichi Sankyo Announces Reorganization of its Research & Development Structure

Tokyo, Japan (December 1, 2015) - Daiichi Sankyo Company, Limited (Chuo-Ku, Tokyo; hereinafter, Daiichi Sankyo) today announced its decision to close its research subsidiary, U3 Pharma GmbH (Martinsried, Germany; hereinafter, U3).

Daiichi Sankyo intends to strengthen its global research and development capabilities by increasing efficiency and streamlining processes. Based on this objective, the global R&D capacities have been reviewed and the Company has decided to concentrate core research functions of Daiichi Sankyo Group in future.

U3, with about 40 employees and which is engaged in research and development work on antibody targeting for cancer treatments, will transfer its current research and development tasks to the Biologics Function in Tokyo.

Daiichi Sankyo will provide a more detailed update on the impact of this announcement on its FY2015 business results at a later date.

Company name: DAIICHI SANKYO COMPANY, LIMITED
Representative: Joji Nakayama, Representative Director, President and CEO
(Code no.: 4568, First Section, Tokyo Stock Exchange)
Please address inquiries to Noriaki Ishida, Executive Officer,
Vice President, Corporate Communications Department
Telephone: +81-3-6225-1126
http://www.daiichisankyo.com/

Suggested Articles

Mobile has become universal, accessible, and multi-generational. It’s time for life science brands to revolutionize how they’re telling their story.

Former Retrophin CEO was hoping for a SCOTUS hail mary to escape his seven-year fraud sentences Turns out the court was interest in hearing his plea.

A new investigation shines light on how Purdue pushed back on negative coverage of opioids, placed opioid-friendly experts in think tanks and more.