Quantcast
Japan to extend foreign investment controls to Avigan suppliers: Yomiuri – Metro US

Japan to extend foreign investment controls to Avigan suppliers: Yomiuri

FILE PHOTO: Tablets of Avigan are displayed during a photo
FILE PHOTO: Tablets of Avigan are displayed during a photo opportunity at Fujifilm’s headquarters in Tokyo

TOKYO (Reuters) – The Japanese government plans to implement strict controls on foreign investment in companies involved in the coronavirus treatment Avigan, the Yomiuri newspaper reported.

The move would be an extension of revised rules on foreign ownership in companies deemed critical to national security. The Ministry of Finance released a list of 518 such companies on Friday.

Japan’s Fujifilm Holdings Corp <4901.T> is working with domestic suppliers to ramp up production of its anti-flu drug Avigan that is being tested as a treatment for COVID-19.

Chemical makers Denka Co <4061.T> and Kaneka Corp <4118.T> are among Avigan raw materials suppliers that would be subject to the revised ownership rules, Yomiuri said.

(Reporting by Rocky Swift; Editing by Kim COghill)

More from our Sister Sites