Terumo Corporation (TSE: 4543) today announced that it will construct additional production facilities for pre-filled syringes at the headquarter plant of Terumo Yamaguchi D&D Corporation, a Terumo subsidiary.
The capital investment for the project will total JPY 15 billion including some expense for adjacent facilities. Construction is to begin in August 2021, and the main facility is expected to start operation in December 2023. This investment will increase the production capacity at Terumo Yamaguchi D&D by 3.5 times as compared to 2016, when the factory first commenced.
Terumo Yamaguchi D&D Corporation manufactures drug-device combination products such as Hulio® (adalimumab biosimilar)*1 for the treatment of diseases such as rheumatoid arthritis, and Teribone™ 28.2 µg subcutaneous autoinjector*2 for osteoporosis.
The Alliance Division of Terumo's General Hospital Company is engaged in the contract development and manufacturing organization (CDMO) business, leveraged by the company's advanced manufacturing technology for drug-device combination products. The division also provides drug administration devices to pharmaceutical companies, which are all designed from materials tailored to each drug. Both business models utilizes the experience and expertise Terumo has built up through its years.
The annual revenue ended March 2020 of the Alliance Division was JPY 23.6 billion, with a 16% growth year-on-year. The division expects further growth and it is anticipated it will be the driving force for General Hospital Company's earnings.
*1: Hulio® is a product of FUJIFILM KYOWA KIRIN BIOLOGICS Co., Ltd.
*2: Teribone™ is a product of Asahi Kasei Pharma Corporation
About Terumo
Terumo (TSE:4543) is a global leader in medical technology and has been committed to "Contributing to Society through Healthcare" for nearly 100 years. Based in Tokyo and operating globally, Terumo employs more than 25,000 associates worldwide to provide innovative medical solutions in more than 160 countries and regions. The company started as a Japanese thermometer manufacturer, and has been supporting healthcare ever since. Now, its extensive business portfolio ranges from vascular intervention and cardio-surgical solutions, blood transfusion and cell therapy technology, to medical products essential for daily clinical practice such as transfusion systems, diabetes care, and peritoneal dialysis treatments. Terumo will further strive to be of value to patients, medical professionals, and society at large.
