Astellas Pharma Inc.("Astellas"; headquarters: Tokyo; President and CEO: Toichi Takenaka) announced that Astellas today established a new active pharmaceutical ingredient (API) manufacturing subsidiary "Astellas Pharma Chemicals Co., Ltd." through a company split.

Astellas separated its Takahagi Plant, the manufacturing and analytical function for APIs for investigational use at the Process Chemistry Labs. and the site management function of the Bulk Technology Administration and transferd to Astellas Pharma Chemicals Co., Ltd.

The new subsidiary has through function for the production of APIs for investigational use and finished products and will contribute to the timely and accurate supply of APIs for investigational use, early establishment of new product production, the stable supply of products and the improvement of API manufacturing technology of the Astellas group.

The details of the new subsidiary are as follows:

Company name Astellas Pharma Chemicals Co., Ltd.
Location 160-2, Akahama, Takahagi city, Ibaraki Prefecture
Representative Motoyoshi Katano, President
Capital 100 million yen
Number of employees about 100
Establishment April 3, 2006
Business Production and marketing of drugs and other products