Home » Chugai to Dissolve and Liquidate Subsidiary in Shanghai
Chugai to Dissolve and Liquidate Subsidiary in Shanghai
Chugai Pharmaceutical announced that it has decided to dissolve and liquidate its Shanghai-based wholly owned subsidiary Shanghai Chugai Pharma by the end of October. The company has concluded that it will not be able to recoup investment in a site it acquired for the manufacture of Granocyte, an agent for neutropenia, due to intensified price and share competitions and changes in the market environment.
Japan Corporate News Network (http://www.japancorp.net/Article.Asp?Art_ID=10014)
KEYWORDS Daily International Pharma Alert
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