Kyowa Kirin Explained

Kyowa Kirin Co., Ltd.
Type:Public (K.K)
Traded As:
Nikkei 225 Component
Location:Ohtemachi Building, 1-6-1, Ōtemachi, Chiyoda-ku, Tokyo 100–8185, Japan
Key People:Nobuo Hanai, (CEO and President)
Num Employees:7,532 (consolidated) (as of December 31, 2017)
Footnotes:[1] [2] [3]
Subsid:47 (33 in Japan and 14 overseas countries)
Parent:Kirin Holdings Company, Limited
Revenue:$ 2.99 billion USD (FY 2022) (¥ 398.4 billion JPY) (FY 2022)
Net Income:$ 375 million USD (FY 2022) (¥ 53.6 billion JPY) (FY 2022)

is a Japanese pharmaceutical and biotechnology company under the Kirin Holdings, and is among the 40 largest in the world by revenue. The company is headquartered in Chiyoda-ku, Tokyo and is a member of the Nikkei 225 stock index.[4] [5]

History

On July 1, 1949 the forerunner of the present company, Kyowa Hakko Kogyo Co., Ltd. is established. Following the merger with Kirin Pharma Co., Ltd., on October 1, 2008 the company changed its name to its present.

On July 11, 2014, the KHK subsidiary, ProStrakan Group (based in Scotland), acquired Archimedes Pharma from the Novo Nordisk Foundation for $394 million [6]

In 2019, the entity was renamed "Kyowa Kirin Co., Ltd.", replacing its prior name of Kyowa Hakko Kirin Co., Ltd.

In November 2022, Kyowa Kirin announced plans to spin its international established medicines portfolio into a new joint venture with German company Grünenthal. [7]

In October 2023, Kyowa Kirin acquired a Britain-based biopharmaceutical company, Orchard Therapeutics, for $478 million.[8]

Business segments and products

The company developed a method to make afucosylated monoclonal antibodies using a CHO cell line in which FUT8 has been knocked out; the company calls this its "Potelligent" platform. The company gained marketing approval in Japan in April 2012 for a monoclonal antibody drug called mogamulizumab which was developed using the platform.[9]

Notes and References

  1. Web site: Kyowa Hakko Kirin Company Overview . Kyowa Hakko Kirin . March 14, 2014.
  2. Web site: Kyowa Hakko Kirin Corporate Profile . Kyowa Hakko Kirin . March 14, 2014.
  3. Web site: Kyowa Hakko Kirin Annual Report 2012 . Kyowa Hakko Kirin . March 14, 2014.
  4. Web site: Components:Nikkei Stock Average . . January 20, 2015.
  5. Web site: Top 50 Pharma Companies by 2012 Revenue . Wildwood Ventures Ltd. . March 14, 2014 . February 8, 2014 . https://web.archive.org/web/20140208014236/http://www.currentpartnering.com/insight/top-50-pharma/ . dead .
  6. News: ProStrakan Acquires Archimedes Pharma for $394M. Genetic Engineering & Biotechnology News. Mary Ann Liebert, Inc.. July 11, 2014. January 20, 2015.
  7. Web site: 2022-11-24 . Grünenthal and Kyowa Kirin International Announce Joint Venture Collaboration for Established Medicines Portfolio . 2022-11-29 . www.businesswire.com . en.
  8. News: 2023-10-05 . Kyowa Kirin to acquire Orchard Therapeutics for $478 million . en . Reuters . 2023-10-05.
  9. Yu. X. Marshall. MJE. Cragg. MS. Crispin. M. Improving Antibody-Based Cancer Therapeutics Through Glycan Engineering.. BioDrugs. June 2017. 31. 3. 151–166. 10.1007/s40259-017-0223-8. 28466278. 3722081.
  10. Web site: FY 2013 Consolidated Financial Summary . Kyowa Hakko Kirin . March 14, 2014 . March 4, 2016 . https://web.archive.org/web/20160304030914/http://v4.eir-parts.net/v4Contents/View.aspx?template=ir_material_for_fiscal_ym&sid=7426&code=4151 . dead .