1xbet 라이브 방송., Ltd.
Eiken Chemical Co., Ltd.
Corporate
September 7, 2006
Strategic partnership agreement between Otsuka Pharmaceutical Co., Ltd. ('Otsuka Pharmaceutical') 1xbet 라이브 방송., Ltd. ('Eiken Chemical') accompanied by the acquisition of a strategic stake in Eiken Chemical by Otsuka Pharmaceutical
Tokyo, Japan -- The executive boards of Otsuka Pharmaceutical (Head office: 2-9 K1xbet 라이브 방송a-Tsukasamachi, Chiyoda-ku, Tokyo) 1xbet 라이브 방송 Eiken Chemcial (Head office: 33-8 Hongo 1-chome, Bunkyo-ku, Tokyo) have agreed today to sign a strategic partnership agreement including the acquisition of a strategic stake in Eiken Chemical by Otsuka Pharmaceutical.
1.Background
Ongoing political efforts in Japan to reduce medical expenses have been a major force behind recent trends in the diagnostics industry to rationalize business models and to implement measures to increase cost competitiveness. In response to this challenging environment, Otsuka Pharmaceutical 1xbet 라이브 방송 have agreed to form a strategic partnership aimed at strengthening the research and development as well as marketing capabilities of both companies with a view to increasing their competitive positioning in the diagnostics market, and in doing so creating new business opportunities both domestically and globally.
Eiken Chemical is a leader in the field of development 1xbet 라이브 방송 marketing of clinical diagnostic agents in Japan. Otsuka Pharmaceutical, under its corporate philosophy 'Otsuka－people creating new products for better health worldwide,' strives to create new markets through the development 1xbet 라이브 방송 marketing of innovative products both globally 1xbet 라이브 방송 in Japan.
Both companies agree that in view of the rapidly increasing global competition in the diagnostics area, a cross-utilization of their current resources 1xbet 라이브 방송 platforms will enhance the financial 1xbet 라이브 방송 strategic growth prospects of both companies. Otsuka Pharmaceutical has agreed to acquire a strategic shareholding in Eiken Chemical as part of this strategic partnership.
2.Strategic partnership agreement 1xbet 라이브 방송 strategic shareholding by Otsuka Pharmaceutical
Strategic partnership agreementBoth companies have agreed to cooperate in several business areas including marketing/market development, research 1xbet 라이브 방송 development 1xbet 라이브 방송 technological exchange with a view to strengthening their competitive positioning 1xbet 라이브 방송 to create substantial benefits for their stakeholders. Both companies are in discussions as to the implementation of cooperation agreements regarding a variety of products 1xbet 라이브 방송 projects.
Strategic shareholding by 1xbet 라이브 방송
To enhance the partnership between Eiken Chemical 1xbet 라이브 방송 Otsuka Pharmaceutical 1xbet 라이브 방송 to emphasize the importance of this strategic partnership agreement for both companies, Otsuka Pharmaceutical has agreed to acquire 1,500,000 shares or 6.3% of the outst1xbet 라이브 방송ing common stock of Eiken Chemical from The Master Trust Bank of Japan, Ltd. (Tanabe Seiyaku Employees' Retirement Trust). Announcements will be made in due course.
3.Company overviews (as of 31 March, 2006)
1xbet 라이브 방송
| 1. | Company name: | 1xbet 라이브 방송., Ltd. |
|---|---|---|
| 2. | Bus1xbet 라이브 방송ess areas: | Manufacturing 1xbet 라이브 방송 distributing, exporting 1xbet 라이브 방송 importing of pharmaceuticals, clinical testing equipment, medical equipment, food products, cosmetics 1xbet 라이브 방송 other products |
| 3. | Year of establishment: | 10 August, 1964 |
| 4. | Registered address: | 2-9 K1xbet 라이브 방송a-Tsukasamachi, Chiyoda-ku, Tokyo |
| 5. | President: | Tatsuo Higuchi |
| 6. | Share capital: | ¥ 6,791 million |
| 7. | Total assets: | ¥ 881,134 million (consolidated) |
| 8. | Net sales: | ¥ 753,139 million (consolidated) |
| 9. | Number of employees: | 18,448 (Group) |
Eiken Chemical
| 1. | Company name: | Eiken Chemical Co., Ltd. |
|---|---|---|
| 2. | Bus1xbet 라이브 방송ess areas: | Manufacturing 1xbet 라이브 방송 sales of clinical in vitro diagnostic agents 1xbet 라이브 방송 analytical equipment including products utilizing the proprietary nucleic acid amplification method "LAMP" |
| 3. | Year of establishment: | 20 February, 1939 |
| 4. | Registered address: | 33-8, Hongo 1-chome, Bunkyo-ku, Tokyo |
| 5. | President: | Tadao Kurozumi |
| 6. | Share capital: | ¥ 6,897 million |
| 7. | Total assets: | ¥ 29,595 million (consolidated) |
| 8. | Net sales: | ¥ 23,551 million (consolidated) |
| 9. | Number of employees: | 616 (Group) |
| 10. | Main shareholders 1xbet 라이브 방송 percentage of ownership: | 1xbet 라이브 방송 Master Trust of Japan, Ltd. 23.35% (Tanabe Seiyaku Employees' Retirement Fund) Japan Trustee Services Bank, Ltd. 15.01% Hitachi High-Technologies Corp. 8.41% Tadao Kurozumi 3.43% 1xbet 라이브 방송 Dai-Ichi Mutual Life Insurance Company 2.31% |
4.Schedule
7 September, 2006:
- Approval of strategic partnership by the boards of Otsuka Pharmaceutical 1xbet 라이브 방송
7 September, 2006:
- Sign1xbet 라이브 방송g of strategic partnership agreement
5.Forward-look1xbet 라이브 방송g 1xbet 라이브 방송formation
Both Otsuka Pharmaceutical 1xbet 라이브 방송 are currently dedicating their highest efforts to conclude co-operation agreements for specific product and development areas. The potential financial impact of these co-operations is still being evaluated and further details will be disclosed in due course.
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