Japan's Premier Clinical CRO A2 Healthcare, an ITOCHU Subsidiary, Launches US Expansion [Yahoo! Finance]
ITOCHU CORP UNSP/ADR (ITOCY)
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itochu.co.jp/en/ir/index.html
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Source: Yahoo! Finance
A2 Healthcare, ITOCHU Corporation's (ITOCY) leading subsidiary in healthcare headquartered in Tokyo, Japan, announced its US expansion. Leveraging regulatory strategy and clinical development expertise in Japan and Taiwan on a global scale, A2 Healthcare aims to transform the Japanese drug market, the third largest in the world. The company will support new drug development in Japan by expanding its partnerships with biotech and pharmaceutical companies based in the United States, the world leader in biopharmaceutical R&D. The United States accounts for around a third of the global market, according to the Pharmaceutical Research and Manufacturers Association (PhRMA). A2 Healthcare President and CEO Hitoshi Kamiya is confident that the Boston branch will help US companies navigate the Japanese market. “Pharmaceutical companies shy away from the Japanese market due to Japan's strict pharmaceutical regulations, complex clinical trial-related procedures, and drug pricing system that
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