DyDo : Acquisition by a Consolidated Subsidiary of Marketing Licenses for Pharmaceuticals
July 15, 2022 at 02:34 am
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July 15, 2022
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Company:
DyDo Group Holdings, Inc.
Representative:
Tomiya Takamatsu, President
(Code 2590 on the Tokyo Stock Exchange Prime Market)
Inquiries:
Naokazu Hasegawa, Corporate Officer
and General Manager of Corporate Communication Department
Acquisition by a Consolidated Subsidiary of Marketing Licenses for Pharmaceuticals
DyDo Group consolidated subsidiary, DyDo Pharma, Inc. (hereafter "DyDo Pharma"), acquired a first- class marketing license for pharmaceuticals, second-class marketing license for pharmaceuticals, and a marketing license for Gene, Cellular, and Tissue-based Products from Osaka Prefecture, and the necessary procedures have been completed.
We have designated the healthcare-related market as our next growth area, including life science fields, which have high growth potential. Of those, we have focused on medications for challenging diseases that have fewer than 50,000 sufferers in the whole of Japan, so-called "orphan drugs." In January 2019, we established DyDo Pharma to handle our orphan drug business. There are still many such orphan diseases for which there are no treatment options, and this is a social issue that needs to be addressed.
Taking this situation on board, DyDo Pharma has outlined the following corporate vision: We hope to help people lead a fuller life by developing and providing innovative medicines to fulfill unmet medical needs. The company is now working to develop drug treatments for rare congenital diseases and ultra-orphan diseases, for which there are very few sufferers.
The acquisition of these marketing licenses will allow more flexible development within the fields of pharmaceutical medicine and regenerative medicine products. DyDo Pharma will strive to make an even greater contribution to the world of medical care through its work with medicines and regenerative medicine products.
These acquisitions do not affect the forecast performance figures detailed in the FY2022 consolidated performance forecasts we announced on March 4, 2022.
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DyDo Group Holdings Inc. published this content on 15 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2022 06:33:04 UTC.
DyDo Group Holdings, Inc., formerly DyDo DRINCO, INC. is a Japan-based company mainly engaged in the manufacture and sale of beverages. The Company operates through three business segments. The Beverage Sales segment is involved in the planning, development and sale of various soft drinks to consumers through convenience stores and vending machines. Through a consolidated subsidiary, this segment is also engaged in the manufacture and sale of drinkable preparations such as quasi drugs. The Contract Drink Manufacturing segment is engaged in the contract manufacture of drinkable preparations, including drugs and medicines, quasi drugs, as well as soft drinks. The Foods Manufacture and Sale segment is involved in the manufacture and sale of fruit jellies.
DYDO GROUP HOLDINGS, INC. 
