Japan's INCJ takes control of $87m pharma spin-out
The Innovation Network Corporation of Japan (INCJ) has teamed up with two pharmaceutical players to invest JPY10 billion ($87 million) in the creation of a biotech spin-out. INCJ will hold a 70.5% stake in the company.
Japan’s Takeda Pharmaceutical and its distribution partner Medipal will take 19.5% and 10% stakes, respectively. The new company, known as Scohia Pharma, will be launched from Takeda’s Shonan Research...
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