Business Services Industry
Takeda Pharmaceutical, Hitachi Jointly Establish New Information
JCNN News Summaries - Japan Corporate News Network, Feb 20, 2006 by Aki Tsukioka
Tokyo, Feb 20, 2006 - (JCN) - Takeda Pharmaceutical and Hitachi jointly announced February 20 the establishment of Hitachi Inspharma, Ltd., a joint venture to support and develop information systems for the medical and pharmaceutical industries.
Capitalized at 225 million yen ($1.9 mil), Hitachi Inspharma will initially provide outsourcing services to Takeda Pharmaceutical. Hitachi retains a 66% stake in the new company while Takeda Pharmaceutical holds the remaining 34%.
Upon expiration of the two-year joint venture period, the newly- established company will become a wholly owned subsidiary of Hitachi. Hitachi Inspharma aims to generate approximately 4 billion yen ($33.8 mil) in sales in fiscal 2006.
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