Daiichi pulls out of India with closure of 170-strong R&D plant
Japanese pharma firm Daiichi Sankyo has announced its intention to close its R&D centre in Gurgaon, India, a step in its global restructuring programme in the hopes of “decreasing R&D operations costs and redistributing resources to the further development of its R&D pipeline.”
The decision comes only a year after the company announced the closure of an antibody production plant in Germany and a UK facility as part of this global plan.
The facility employs 170 staff engaged in drug discovery research, though it is currently unclear how they will be affected by the move. All R&D function will be transferred to the company’s Japanese division, effectively ending Daiichi’s presence in India.
The company originally acquired the facility as part of its takeover of India’s largest generic drugs manufacturer Ranbaxy in 2008, but after some troubling years and import bans and misconduct charges from the FDA, Daiichi was forced to sell the ailing firm to Sun Pharmaceuticals for $4 billion in 2014.
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