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Japan's drug sector to unite for emerging-market push

Tokyo will help establish financial, legal footing for cross-industry group

Japanese drugmakers and distributors, among others, will team up to gain a foothold in Vietnam and other developing economies.

TOKYO -- Around 25 Japanese companies including Eisai and Takeda Pharmaceutical plan to jointly develop and distribute medicines in emerging economies, leveraging a government partnership to take on Western giants.

The group will aim to develop markets for medicines in such regions as Asia and Africa. Members will form a corporation within the year under government leadership and kick off operations in Vietnam and Thailand in fiscal 2019.

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