Look East: Why tech-based pharmacovigilance firms are looking to Japan for new opportunities
Andrew Rut, chief executive of MyMeds&Me, writes an Expert View piece on Japanese openings for tech-based pharmacovigilance firms in the wake of regulatory changes.
Japan, one of the most advanced, high-tech countries in the world, is the third-biggest pharmaceuticals market, behind only the USA and China, and it is larger than France and Germany’s pharma sectors combined.
Japan’s largest pharma companies, including Daiichi Sankyo (TYO: 4568), Otsuka (TYO: 4578) and Mitsubishi Tanabe (TYO: 4508), are all global players and some analysts have predicted that 2018/2019 will be a transformative period for the pharmaceutical market in Japan. This is driven by an aging population which has led to greater demand for new drugs, as well as Japan’s stronger links to the global economy and an increased use of generics and moves towards biosimilars.
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