Daiichi Sankyo to shut another research subsidiary

13 February 2017

Daiichi Sankyo (TYO: 4568) is to shut down its Japanese research subsidiary, Asubio Pharma.

The Japanese pharma major announced the move as part of ongoing efforts to review and restructure its global research and development (R&D) structure to increase R&D productivity.

This was the same reason given for the company's decision to close its research subsidiary, Daiichi Sankyo India Pharma (DSIN), located in Gurgaon, India. That was announced only last month.

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