Formation of Asahi Kasei Pharma Corporation
Asahi Kasei Corporation today organized all of its healthcare-related businesses under its newly formed, wholly owned subsidiary Asahi Kasei Pharma Corporation. Asahi Kasei Pharma includes Asahi Kasei businesses in pharmaceuticals, pharmaceutical intermediates, diagnostics, and biopharmaceutical/biological filtration products for virus removal under the Planova™ brand name.
The establishment of Asahi Kasei Pharma is an integral part of a transformation program at Asahi Kasei Corporation to a holding company configuration to enhance management speed and transparency. Under this transformation program, all Asahi Kasei core businesses have been separated into seven separate business units and a new system of executive officer management has been established to facilitate quick response to changing business environments and clear delineation of authority and responsibility.
About Asahi Kasei Corporation
Asahi Kasei Corporation, headquartered in Tokyo, Japan, is a US$10 billion technology company, providing innovative, science-based solutions to a diverse range of markets including chemicals and plastics, apparel, housing and construction, healthcare, and electronics. Additional information on Asahi Kasei Corporation can be found at www.asahi-kasei.co.jp.