Daiichi Sankyo has said it will close down its German antibody subsidiary U3 Pharma and transfer its operations to a research unit in Japan.
The company said the move is part of an initiative to "strengthen its global R&D capabilities by increasing efficiency and streamlining processes".
Martinsried-based U3 Pharma - which was acquired by Daiichi Sankyo in a €150m deal in 2008 - employs around 40 members of staff and specialises in the development of antibody treatments for cancer.
The company said the move is part of an initiative to "strengthen its global R&D capabilities by increasing efficiency and streamlining processes".
Martinsried-based U3 Pharma - which was acquired by Daiichi Sankyo in a €150m deal in 2008 - employs around 40 members of staff and specialises in the development of antibody treatments for cancer.
