In This Article:
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Kyowa Kirin will optimize Asia-Pacific (APAC) operations and maximize the value of the company's Global and Established Brands for patients in APAC.
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Kyowa Kirin has agreed to enter into strategic partnerships with DKSH Holding and Hong Kong WinHealth Pharma Group Co. Limited.
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Kyowa Kirin will focus in-house resources on Global 2 Brands (G2B), CRYSViTA® and POTELIGEO®, and their rare diseases pipeline in South Korea, Taiwan, and Australia markets.
SINGAPORE, July 31, 2024 /PRNewswire/ -- Kyowa Kirin Asia Pacific Pte. Ltd., a wholly owned subsidiary of Kyowa Kirin Co., Ltd. (Kyowa Kirin, TSE:4151, President and CEO: Masashi Miyamoto), announced plans to transform its Asia-Pacific (APAC) business for more sustainable and profitable operations, through strategic partnerships with DKSH Holding Ltd. ("DKSH") and Hong Kong Winhealth Pharma Group ("Winhealth").
Kyowa Kirin will also focus in-house resources on its future-growth core disease areas of bone and mineral, intractable hematological diseases/ hemato-oncology, and rare diseases by forming its APAC Cluster covering South Korea, Taiwan, and Australia markets.
These moves underscore Kyowa Kirin's Vision 2030 goals of delivering life-changing value to patients in APAC by ensuring continued access to a portfolio of 11 brands across four therapeutic areas such as NESP® for renal anemia and ROMIPLATE® for platelet production.
Under the terms of the agreement with DKSH, Kyowa Kirin has entered into a promotion and distribution agreement with DKSH for commercial rights to Kyowa Kirin's established medicines portfolio including seven brands in Hong Kong / Macau, South Korea, Malaysia, Singapore, Taiwan and Thailand markets. Additionally, Kyowa Kirin has also signed a promotion and distribution agreement with DKSH for commercial rights to Kyowa Kirin's global products: CRYSViTA® in the Hong Kong / Macau, Malaysia, Singapore, and Thailand markets, as well as POTELIGEO® in Singapore.
Under the terms of the agreement with WinHealth, Kyowa Kirin China Pharmaceutical Co., Ltd., including its five established brands in China, will be transferred to a special-purpose company that will inherit them under Winhealth at a transfer price of up to RMB 720 million (approximately JPY 15.0 billion). Additionally, Kyowa Kirin has entered into a promotion and distribution agreement with WinHealth for commercial rights to Kyowa Kirin's global products (CRYSViTA® and POTELIGEO®).
Abdul Mullick, Ph.D., Chief International Business Officer (CIBO) of Kyowa Kirin said, "Guided by our 'Story for Vision 2030', we have developed a strategy to continue delivering life-changing value and shape the future of Kyowa Kirin. We have defined our focus disease areas and identified opportunities to maximize the value of our products through in-house efforts and strategic partnerships. Recognizing the increasing challenges in the APAC region, we have made the difficult decision to restructure our APAC business, to ensure continued access to our medicines for patients, securing the future for as many of our employees as possible and ensuring sustainability. This transformation will enhance our efficiency and agility, empowering our team to make a great impact on patient lives and make people smile."