Japan to extend foreign investment controls to Avigan suppliers - Yomiuri
11/05/2020 01:39
TOKYO, May 11 (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. urn:newsml:reuters.com:*:nL4N2CP1E5
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. urn:newsml:reuters.com:*:nT9N2BP00L
(Reporting by Rocky Swift; Editing by Kim COghill)
((rocky.swift@thomsonreuters.com;))