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Mitsubishi Pharma to Establish Pharmaceutical Development Company in
JCNN News Summaries - Japan Corporate News Network, May 14, 2006 by Aki Tsukioka
Tokyo, May 14, 2006 - (JCN) - Mitsubishi Pharma announced on May 11 that it will set up a pharmaceutical development subsidiary in Beijing in October.
To be capitalized at $1 million, Mitsubishi Pharma R&D (Beijing) (provisional name) will initially employ about 10 people.
The Chinese pharmaceutical market is estimated at 1.2 trillion yen ($10.6 bil), and is expected to grow rapidly.
c 2006 Japan Corporate News Network. All rights reserved.
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