We help you develop your pharmaceuticals in China and any necessary support for the development in cooperation with Beijing Tide Pharmaceutical. The following include the introduction to Beijing Tide Pharmaceutical and an overview of the collaborative business.
Beijing Tide Pharmaceutical was jointly established in 1995 by LTT and China-Japan Friendship Hospital, a Chinese government-related hospital based on a discussion between our founder Yutaka Mizushima who served as a member of Upper House at that time and the Chinese government as a part of medical interchange between Japan and China.
Beijing Tide Pharmaceutical worked on the development of lipo-PGE1 by receiving intellectual property of lipo-PGE1 and its production technology provided by us with help from Taisho Pharmaceutical and a production location provided by the China-Japan Friendship Hospital. Then, we achieved successful launching of lipo-PGE1 in 1998. Subsequently, the company distributed lipo-NSAID, which is also our product, (the technology was introduced from Kaken Pharmaceutical) in 2003, Beraprost Sodium in 2008, flurbiprofen poultice (the technology was introduced from Mikasa Seiyaku) in 2010 and Pronase Granules (the technology was introduced from Kaken Pharmaceutical) in 2011.
Funded by the CP Group, a world-class conglomerate (the biggest company in Thailand), Beijing Tide Pharmaceutical built its research institute and plant in Beijing Economic and Technological Development Zone (30,000 km2) in 2005. Within the recent past, it purchased additional land of 185,000 km2 near the place and a new plant is being built. Beijing Tide Pharmaceutical intends to procure pharmaceuticals and medical devices to be manufactured in this new plant by license-in or technology introduction from other companies.
Beijing Tide Pharmaceutical has achieved sales of close to 60 billion yen, its profit has exceeded 10 billion yen, and it has become one of the top 20 profitable pharmaceutical companies. The number of employees has increased to more than 2,000 employees it has been rapidly growing in recent years.
There are various problems in terms of history or politics between Japan and China. In addition, Japanese companies have remained a high level of mistrust against Chinese companies. The current situation that these issues inhibit the relationship between Japanese and Chinese companies can be described as miserable at best. This can also be said for the medical business; additionally, a major difference in the medical system between two countries can be a barrier in this field.
The medical market in China has been rapidly growing; meanwhile the Japanese market has remained flat. Especially, the increase in the high-income population has become able to allow Japanese companies to introduce their high-quality medical business into the Chinese market. Business expansion in the Chinese market is promising for Japanese companies. On the other hand, in the medical field, there are still major differences in terms of technology, experience, or social maturity between Japan and China, which indicates that it is very promising for Chinese companies to introduce technology, experience, and systems from Japan.
Considering these circumstances, it is extremely important for Japanese medical companies to expand their business into the Chinese market. We support your business in China in corporation with Beijing Tide Pharmaceutical.
We introduce Japanese medical companies considering business expansion into China to Beijing Tide Pharmaceutical as your business partner. To establish the relationship between you and Beijing Tide Pharmaceutical, we would like to support you until the project is completed. Let me show you a recent successful case where we coordinated the introduction of poultice technology from Mikasa Seiyaku to Beijing Tide Pharmaceutical. The sales of poultices have already exceeded 2 billion yen (the drug price in China is higher than that in Japan), and the technology introduction has brought about a big profit for both of them.
Furthermore, we provide investigation and consulting services for Japanese medical companies considering business expansion into China with the help of Beijing Tide Pharmaceutical. Throughout investigations of the Chinese medical system, intellectual property or market environment, and consulting based on them, we think it is possible to help Japanese companies considering business expansion into China.
Based on our actual experience in pharmaceutical development, we can provide practical support and consulting. In addition to our support, you can obtain very valuable support from Beijing Tide Pharmaceutical that has become one of the top companies in China.
If you have a request that you would like to introduce your products and technologies into China, we can accomplish the following: