Grünenthal and Kyowa Kirin set up joint venture

2 August 2023

German family-owned drugmaker Grünenthal and Japan’s Kyowa Kiron (TYO: 4151) today announced the successful completion of a deal to enter into a joint venture collaboration for Kyowa Kirin International's established medicines portfolio.

Grünenthal owns a 51% majority share in the JVC, while Kyowa Kirin owns a 49% share, and the German firm intends to fully acquire the remaining 49% by exercising an option at the beginning of 2026.

As part of the collaboration between the companies, a new enterprise has been created to market Kyowa Kirin International's established medicines portfolio, which comprises 13 brands across six therapeutic areas. This enterprise will be branded in all markets as Grünenthal Meds.

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