Chugai Pharmaceutical Co., Ltd. has announced that Chugai Pharma Marketing Ltd., a wholly-owned subsidiary of Chugai located in London, changed its corporate name to Chugai Pharma Europe Ltd. (CPE) effective from November 27.
The name change is part of Chugai’s reorganization to accelerate its overseas operation as announced on June 25. In the reorganization, Chugai integrated and gathered its development and commercial entities in Europe that had been separated subsidiaries into one single company. Now under the name of Chugai Pharma Europe, the company will function as Chugai’s European hub to lead clinical development, regulatory affairs, medical affairs, import, sales and marketing of pharmaceutical products in Europe.
“We have now formed a new European Headquarters organization that will enhance our abilities to strongly advance our activities in Europe. Our scope includes conducting clinical trials for investigational drugs from Chugai as well as marketing collaboration with Roche for a rheumatoid arthritis agent RoActemra® and an upcoming new drug.” said John Halls, Managing Director of CPE. “I’m convinced that we will contribute to Chugai's aspiration to become a global company.”
With further streamlined operations, CPE will pursue its effort to add exceptional value through innovative medical products and services for the benefit of the medical community and human health around the world.