Daiichi Sankyo beats Honda in market cap on cancer drug ambitions

Japanese drugmaker eyes broader U.S. approval for blockbuster Enhertu

20240604N Daiichi-Sankyo

Daiichi Sankyo's booth at the American Society of Clinical Oncology annual meeting in Chicago. (Daiichi Sankyo)

YUTA MAEDA and TAITO KUROSE, Nikkei staff writers

TOKYO -- The success of Daiichi Sankyo's blockbuster cancer drug Enhertu has helped propel it into the ranks of Japan's most valuable companies, lifting its market capitalization above 10 trillion yen ($64 billion) on rising growth expectations.

Speaking Tuesday at the American Society of Clinical Oncology's annual meeting in Chicago, executives from the drugmaker indicated that they look to expand the use of Enhertu in the U.S.

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