Abstract
Mitsubishi Tanabe Pharma Corporation was created through the merger of Tanabe Seiyaku and Mitsubishi Pharma. Tanabe is the surviving company, with each share of Mitsubishi converted into 0.69 share of Tanabe' s common stock. The new company is a consolidated subsidiary of Mitsubishi Chemical Holdings, which holds the majority share.
Mitsubishi Tanabe Pharma' s initial focus is on the development and marketing of products in the following therapeutic areas: Cardiovascular and Respiratory; Neurology; Immunology and Inflammation; and Gastrointestinal and Metabolism.
Market conditions in Japan are becoming increasingly fierce due to governmental drug price revisions and incoming competition from non-domestic major pharmaceutical companies. In the last two fiscal years, there have been four mergers between Japan' s leading pharma businesses, with the creation of Mitsubishi Tanabe being the latest. More recently, Kyowa Hakko and Kirin Brewery have also announced plans to merge.
Superficially, Mitsubishi Pharma and Tanabe would seem to compliment each other quite well, with both historically marketing products in similar therapeutic areas and both bringing unique qualities to create a well equipped merged company. Mitsubishi Pharma' s product portfolio was the most dated, however, the company brings to the merger considerable resources and infrastructure in biotechnology, mainly through its Benesis Corporation. Tanabe has several lucrative licensing agreements in place and thus the merged company is expected to continue to benefit from these. Tanabe' s arrangement with Johnson & Johnson is key to Mitsubishi Tanabe' s long-term growth as it includes licences for infliximab and golimumab, two anti-TNF antibodies indicated to treat a range of inflammatory and autoimmune indications. Infliximab has already been launched in Japan and is expected to become Mitsubishi Tanabe' s top-selling product in fiscal 2008. Golimumab is still in early-stage development, however, its similar profile to infliximab suggests development should be successful, and the company will hope it can replicate the sales of infliximab.
Both parent companies had recently reported declines in revenue and pharmaceutical sales, therefore, this merger was vital. Our forecasts suggest that Mitsubishi Tanabe can expect sustained growth within the medium-term, confirming the benefits of the merger strategy. However, with three other large, merged companies competing domestically, as well as a fourth expected in 2008, competition is expected to impact the merged company in the long-term as much as it did the parent companies in recent history.
This new strategic analysis report Mitsubishi Tanabe Pharma: Pipeline · Products · Performance · Potential, provides a complete and critical review of the company and includes unique and independent assessments and forecasts of key products. 4D Pharma reports are updated with the latest data on a continuing basis and the full report is released quarterly. Once a year the report undergoes a major review in line with the company' s year end. Buyers of the print/pdf editions will receive the latest version and quarterly updated reports for a year. Buyers of the web edition receive online access for one year via an easy-to-use interface with fast navigation and a full text search facility. All formats are the same price.
Table of Contents
Latest Results
EXECUTIVE SUMARY
- Introduction
- Current Financial Position
- Company Performance
- Tanabe
- Mitsubishi Pharma
- Business Segment Performance
- Tanabe
- Mitsubishi Pharma
- Geographic Segment Performance
- Company Performance
- Company Strategy
- Research and Development Strategy
- Mergers, Acquisitions and Divestitures
- Key Agreements
- Discontinued Agreements
- Employees
- Product Performance Forecasts
- Pipeline Analysis
- Discontinued R&D Projects
- Conclusions
THERAPEUTIC AREA FOCUS
R&D PIPELINE
CARDIOVAS CULAR & RESPIRATORY
- Marketed Products
- Anplag
- Herbesser
- Tanatril
- Others
- R&D Projects
- Caldaret
- GB-1057
- MCI-186
- MCI-196
- MCC-847
- Roflumilast
- Growth Forecast
NEUROLOGY
- Marketed Products
- Ceredist
- Radicut
- Others
- R&D Projects
- MP-214
- TA-8317
- Growth Forecast
IMUNOLOGY & INFLAMATION
- Marketed Products
- Remicade
- Venoglobulin-IH
- Others
- R&D Projects
- Fingolimod
- Golimumab
- MP-435
- TA-5493
- Growth Forecast
GASTROINTESTINAL & METABOLISM
- Marketed Products
- Urso
- Others
- R&D Projects
- MCC-257
- MP-513
- TA-6666
- TA-7284
- Growth Forecast
OTHER
- Marketed Products
- R&D Projects
- MP-146
- TA-5538
- Telaprevir
- Valixa
- Growth Forecast
APPENDIX 1 - FINANCIAL PERFORMANCE
- Full Year Results 2007 - Mitsubishi Pharma
- Full Year Results 2007 - Tanabe
APPENDIX 2 - KEY CORPORATE EVENTS
- Mitsubishi Pharma
- Tanabe
APPENDIX 3 - KEY AGREMENTS
- aaiPharma Inc
- Alfresa Pharma Corporation
- Arachnova Therapeutics Ltd
- Asterand plc
- Astex Technology
- AVEO Pharmaceuticals Inc
- BrainCells Inc
- Cell Therapeutics Inc/Kyoto University
- Cephalon Inc
- Chiesi Farmaceutici SpA
- CuraGen Corporation
- Dynogen Pharmaceuticals Inc
- GlaxoSmithKline
- ISTA Pharmaceuticals Inc
- Johnson & Johnson
- Kureha Corporation
- Maruho Co Ltd
- Medarex
- MediciNova Inc
- Menarini Group
- NeoGenesis Pharmaceuticals Inc
- Nikken Chemicals Ltd
- Novartis
- Nycomed
- Perlegen Sciences Inc
- Roche
- sanofi-aventis
- Vertex Pharmaceuticals Inc
- Vivus Inc
- Discontinued Agreement
- Takeda
APPENDIX 4 - INFRASTRUCTURE
- Research and Development Facilities
- Mitsubishi Pharma
- Tanabe
- Manufacturing Facilities
- Mitsubishi Pharma
- Tanabe
APPENDIX 5 - KEY PHARMACEUTICAL SUBSIDIARIES / JOINT VENTURES
- Subsidiaries
- Mitsubishi Pharma
- Tanabe
- Joint Ventures
- Mitsubishi Pharma
- Tanabe
APPENDIX 6 - PRODUCT INDEX
Index of Tables
- Principal Pro-Forma Operating Results
- Sales By Business Area
- Operating Income By Business Area
- Capital Expenditure By Business Area
- Identifiable Assets By Business Area
- Sales By Business Segment
- Operating Income By Business Segment
- Capital Expenditure By Business Area
- Total Assets By Business Segment
- Sales By Geographical Area
- Recent Product Approvals
- R&D Pipeline - Japan
- R&D Pipeline - Overseas
- Major Cardiovascular & Respiratory Products, 2007
- Major Neurology Products, 2007
- Major Immunology & Inflammation Products, 2007
- Major Gastrointestinal & Metabolism Products, 2007
- Major Launched Products, 2007
Index of Charts
- Sales By Business Area
- Operating Income By Business Area
- Capital Expenditure By Business Area
- Sales By Business Segment
- Operating Income By Business Segment
- Capital Expenditure By Business Area, 2007
- Sales By Geographical Area
- Sales of Top Ten Products (2006A-2012E)
- Top Selling Products, 2007
- Anplag Sales (2002A-2012E)
- Herbesser Sales (2002A-2012E)
- Tanatril Sales (2002A-2012E)
- MCC-847 Sales (2010E-2014E)
- Roflumilast Sales (2009E-2013E)
- Ceredist Sales (2002A-2012E)
- Radicut Sales (2002A-2012E)
- Remicade Sales (2002A-2012E)
- Venoglobulin-IH Sales (2002E-2012E)
- Urso Sales (2002A-2012E)
- Sales, Costs and Operating Income
- Profitability and Research Ratios
- R&D Expenditure and Capital Expenditure
- Current Assets, Liabilities and Ratio
- Assets, Cash and Liquidity
- Employees and Productivity
- Sales, Costs and Operating Income
- Profitability and Research Ratios
- R&D Expenditure and Capital Expenditure
- Current Assets, Liabilities and Ratio
- Assets, Cash and Liquidity
- Employees and Productivity
