Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

Manufacturing

Ebola drug maker Fujifilm to buy US vaccine maker

fuji

Fujifilm said Monday it would buy a US vaccine maker as the Japanese firm boosts its supply of an experimental Ebola drug to help stem the spread of the virus.

The deal would see Fujifilm take a 49 percent stake in Kalon Biotherapeutics, with plans to buy the whole company “in the future”, the company said, without supplying financial details.

Japan’s leading Nikkei business daily said the acquisition would be worth several billion yen (tens of millions of dollars).

Kalon, established in 2011 by the State of Texas and Texas A&M University as a contract maker of biopharmaceutical products, can safely handle and produce vaccines against deadly pathogens, including anthrax, Fujifilm said, as it looks to further tap the health sector.

The firm’s shares jumped 2.88 percent to 3,691.0 yen in Tokyo on Monday.

Fujifilm said last week it would increase its stock of Avigan, which has been given to several patients who were evacuated from Ebola-hit West Africa to Europe.

The firm said it has enough Avigan tablets — approved as an influenza drug in Japan — to treat 20,000 people and enough of its active ingredient for 300,000 treatments.

Some research papers report that Avigan has been effective in testing with mice, the company said.

The governments of France and Guinea are planning to conduct clinical trials with Avigan in mid-November.

Advertisement. Scroll to continue reading.

Like some other major Japanese firms, Fujifilm, once among the biggest makers of camera film, has been transitioning into new sectors as it traditional business suffers.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...