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Japan to extend foreign investment controls to Avigan suppliers: Yomiuri

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 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 and Kaneka Corp are among Avigan raw materials suppliers that would be subject to the revised ownership rules, Yomiuri said.

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Meeta Ramnani
Meeta Ramnani
Meeta develops credible content about various markets based on deep research, opinions from experts and inputs from industry leaders. As the managing editor at Smart Industry News, she assures that every piece of news and article adds to the knowledge of decision makers. An avid bike rider, Meeta, is a postgraduate from Indian Institute of Journalism and New Media (IIJNM) Bangalore, where her specialization was Business Journalism. She carries experience from mainstream print media including The Times Group and Sakal Media Group.