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Mega Pharmaceutical Astellas Pharma Kicks Off Operations

Tokyo, Apr 1, 2005 (JCN) - Astellas Pharma, a new Japanese pharmaceutical giant created through the merger of Yamanouchi Pharmaceutical and Fujisawa Pharmaceutical, launched its operation on April 1.

Headquartered in Tokyo and staffed with about 17,000 employees, the new company strives to be a global pharmaceutical company originated in Japan focusing on ethical drugs.

Astellas Pharma has implemented the following basic strategies: 1) realize higher capabilities in drug discovery; 2) establish global sales network; 3) develop more efficient organizational and cost structures; 4) proactively pursue business opportunities; 5) implement a capital strategy to improve enterprise value.

The company aims to generate 1 trillion yen ($9.3 bil) in sales of ethical drugs in fiscal 2007, according to its mid-term business plan.

By Aki Tsukioka Contributor

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