Fujifilm and Dr. Reddy’s to Establish Generic JV in Japan
Fujifilm entered into an exclusive partnership with Dr Reddy's to make and sell generic drugs in Japan.
Tokyo-headquartered Fujifilm Corp. and India's Dr. Reddy's Laboratories Thursday signed a Memorandum of Understanding to establish a joint venture to develop, manufacture and promote generic drugs in Japan. Fujifilm will hold a 51% stake and Dr. Reddy’s will have the remainder.
The JV will utilize Fujifilm’s quality control technologies and Dr. Reddy’s expertise in cost competitive production technologies for APIs and formulations. The JV plans to launch its first products in Japan in the next three to four years, and plans to design products specifically for the Japanese market.
"Shigetaka Komori, president and chief executive officer of Fujifilm Corp., said, “With the execution of the MoU with Dr. Reddy’s, Fujifilm will have excellent capability in developing and manu
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