Friday, 24 March 2023

Japanese pharma firm Eisai dissolves joint venture with Italy's Bracco Imaging

21 February 2023 | News

Responding to the changing environment surrounding the healthcare industry

image credit- shutterstock

image credit- shutterstock

Bracco Imaging S.p.A. (Headquartered in Milan, Italy) and Japan based pharmaceutical firm Eisai Co. have announced that the joint venture regarding the company Bracco-Eisai Co. will be dissolved as of March 31, 2023. As a result, Bracco will acquire all shares of Bracco-Eisai held by Eisai and change its name from Bracco-Eisai to Bracco Japan, Co. as of April 1, 2023.

Bracco and Eisai established Bracco-Eisai in 1990 with the aim of establishing a contrast agent business in Japan. The companies launched the non-ionic contrast agent Iomeron and the macrocyclic non-ionic contrast agent ProHance®for MRI in 1994, and have worked together in a friendly partnership for more than 30 years. After comprehensive consideration, the companies decided to dissolve the joint venture in order to respond quickly and flexibly to the changing environment surrounding the healthcare industry and achieve sustainable contributions to patients through these products.

Regarding Iomeron and ProHance, products that Eisai and Bracco-Eisai have co-promoted thus far, Eisai and Bracco-Japan will continue to co-promote these products between April 1, 2023 and March 31, 2024, with Bracco-Japan as the domestic manufacturer and Eisai as the distributor. Bracco Japan will exclusively commercialise the products from April 1, 2024.

“The Asia-Pacific region plays a leading role in diagnostic imaging and is expected to grow faster than other global markets. Bracco has had a considerable presence in Japan for many years and will continue to strengthen its relationships with customers in order to better understand and meet the needs of customers in Japan. We will continue to provide better diagnostic imaging technology and services”, said Fulvio Renoldi Bracco, Vice-Chairman & CEO of Bracco Imaging S.p.A.



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