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    4519   JP3519400000

CHUGAI PHARMACEUTICAL CO., LTD.

(4519)
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Chugai Pharmaceutical : Construction of New Bio API Plant for Early Clinical Trials to Accelerate the Initiation of Clinical Development

10/25/2021 | 07:27am EST

TOKYO - Chugai Pharmaceutical Co., Ltd. (TOKYO: 4519) announced its decision to construct a new manufacturing building (UK4), in the Ukima Site (Kita-ku, Tokyo), for active pharmaceutical ingredients (APIs) of biopharmaceuticals for early clinical trials.

UK4 specializes in the production of investigational drugs for early clinical trials. By expanding supply capacity and enhancing manufacturing speed and flexibility with a dedicated facility, Chugai aims to enable the earliest start of First in Human clinical trials (FIH), which are the first stage in clinical development, for biopharmaceutical projects including antibodies and to rapidly achieve early PoC (Proof of Concept)1). UK4 will become an important foundation to support RED SHIFT2), which is one of the key drivers in Chugai's growth strategy 'TOP I 2030.'

'Speedy manufacturing of investigational drugs is a major challenge in transitioning molecules from research to clinical development. In order to achieve the two targets stated in TOP I 2030 - 'Double R&D output' and 'Launch in-house global products every year,' - we must establish manufacturing methods of investigational drugs and initiate FIH trials as early as possible for those new drug candidates arising from our research consistently,' said Chugai's President and CEO, Dr. Osamu Okuda. 'The establishment of the new UK4 will ensure the capacity to manufacture investigational drugs for early clinical trials with speed and flexibility, which will further strengthen our foundation to pursue challenging projects using our proprietary antibody engineering technologies. Through UK4, Chugai will accelerate the development of therapeutic antibodies, which are expected to evolve, and strive to provide our innovation to patients worldwide.'

Chugai has been actively investing in manufacturing facilities in anticipation of the consecutive launch of innovative biopharmaceuticals using its antibody engineering technologies. Besides existing API manufacturing buildings for biopharmaceuticals (UK1 and UK2), Chugai constructed a new manufacturing building (UK3) for late-stage investigational drugs and initial commercial products, which started to operate in 2018. The addition of UK4 will reinforce Chugai's streamlined manufacturing capability, from investigational drugs for early clinical development to initial commercial products. This will provide a more robust foundation to support the development and launch of innovative drug candidates.

In pursuit of sustainability, UK4 will implement measures to reduce environmental burdens, including chlorofluorocarbons-free operation and energy saving systems. Also, as part of the digital transformation in manufacturing functions announced in January this year, actions that have been taken at the Ukima Plant in advance will be laid out at UK4.

Chugai aims to address the unmet medical needs of the world by achieving world-class biopharmaceutical manufacturing capabilities.

Contact:

Media

Chugai Pharmaceutical Co., Ltd.

Media Relations Group

Corporate Communications Dept.

Tomoko Shimizu

Tel: +81-3-3273-0881

E-mail: pr@chugai-pharm.co.jp

Investors

Chugai Pharmaceutical Co., Ltd.

Investor Relations Group

Corporate Communications Dept.

Takayuki Sakurai

Tel: +81-3-3273-0554

E-mail: ir@chugai-pharm.co.jp

(C) 2021 Electronic News Publishing, source ENP Newswire

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CHUGAI PHARMACEUTICAL CO., LTD. -1.25% 3634 End-of-day quote.-33.96%
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Financials
Sales 2021 975 B 8 642 M 8 642 M
Net income 2021 292 B 2 591 M 2 591 M
Net cash 2021 469 B 4 161 M 4 161 M
P/E ratio 2021 20,4x
Yield 2021 1,87%
Capitalization 5 975 B 52 902 M 52 965 M
EV / Sales 2021 5,65x
EV / Sales 2022 5,42x
Nbr of Employees 7 555
Free-Float 37,8%
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Last Close Price 3 634,00 JPY
Average target price 4 808,46 JPY
Spread / Average Target 32,3%
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Tatsuro Kosaka Chairman & Chief Executive Officer
Osamu Okuda President, COO & Representative Director
Itagaki Toshiaki CFO, Manager-Information Technology & Accounting
Hisafumi Okabe Senior Executive Officer & Head-Research
Junichi Nezu Executive Officer, GM-Research & Development
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