Mitsui & Co. invests in Singapore pharma marketer Wellesta

Trading house sees growth in Asia for drugs already approved in developed world

20230406N Mitsui & Co

Mitsui & Co. hopes to tap demand for medicines in developing Asian countries, which major pharmaceutical companies sometimes pass over due to market size. © Reuters

TAKEHIRO HASEGAWA, Nikkei staff writer

TOKYO -- Japanese trading house Mitsui & Co. will join the Japan Bank for International Cooperation to invest in a Singapore pharmaceutical startup that does the leg work of securing drug approvals and marketing rights in developing countries, a relatively untapped growth area.

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