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Chugai Pharma eyes sale of generics operations to Taiyo

Japanese drugmaker focusing on new medicines with off-patent prices set to fall

Chugai Pharmaceutical will pour resources into new drug development.

TOKYO -- Chugai Pharmaceutical is considering unloading the production and sales rights of some 15 medications with expired patents to Taiyo Holdings for roughly 20 billion yen ($176 million), expecting generic drugs to become cheaper as Japan moves to rein in medical spending.

The medications, which include cancer treatments as well as bone and joint remedies, bring in sales of around 10 billion yen annually. Related staff are not expected to be part of the deal.

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