Takeda Pharmaceutical, Hitachi Jointly Establish New Information System Company For Medical And Pharmaceutical Businesses

Main Category: Pharma Industry / Biotech Industry
Also Included In: IT / Internet / E-mail
Article Date: 21 Feb 2006 - 12:00 PDT

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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.

By Aki Tsukioka, JCN Staff Writer

Company profile

Copyright © 2006 JCN. All rights reserved. A division of Japan Corporate News Network KK.

Article adapted by Medical News Today from original press release.
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