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Ciconia Bioventures Inc., a joint venture company, has been established based on a master agreement signed by Takeda Pharmaceutical Company (TSE: 4502/NYSE: TAK), Astellas Pharma Inc. (TSE: 4503), and Sumitomo Mitsui Banking . The company aims to translate innovative technologies and drug discovery programs from Japan into clinical applications, focusing on:
- Covering the entire process from early drug discovery research to establishing biotech startups
- Formulating development strategies and enhancing the value of promising drug discovery seeds
- Integrating R&D funding and experienced management teams to launch new startups
- Collaborating with academia, biotech ventures, and pharmaceutical companies across Japan
Ciconia's goal is to advance innovative drug discovery programs, incubate globally competitive drug discovery technology, and foster entrepreneurship in Japan's pharmaceutical sector.
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