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Astellas to Move Clinical Development Base to U.S.

TOKYO, Mar 4, 2008 (Jiji Press) - Japanese drug maker Astellas Pharma Inc. said Tuesday it will set up a new company in the U.S. state of Illinois in April to oversee the clinical development activities of its group as a whole.

The transfer of Astellas' clinical development base, currently located in Japan, is aimed at speeding up decision-making and boosting market competitiveness, the company said.

The new firm will be named Astellas Pharma Global Development Inc.

Recently, a growing number of Japanese drug makers have transferred their research and development bases to locations outside Japan, reflecting a slowdown in the domestic market and increased dependence on overseas sales.

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