Procter & Gamble sells Actonel rights to Ajinomoto in Japan

Procter & Gamble will sell the rights to its osteoporosis drug Actonel (risedronate) in Japan to Ajinomoto for $210 million, the Japanese company announced.

Currently, Ajinomoto produces Actonel under a licence from Procter & Gamble, and Eisai is responsible for distribution. Sales of risedronate in Japan were estimated to be approximately 30 billion yen ($317 million) during the previous fiscal year, according to Ajinomoto.

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