Yamanouchi and Fujisawa complete merger details
Japan's drugmakers Yamanouchi and Fujisawa have reached agreement on the terms of their merger, effective from April 1, 2005. The companies, which reported their intention to merge earlier this year (Marketletter March 1), have christened the new firm Astellas Pharma. Yamanouchi will be the surviving company.
According to the firms, the name "Astellas" was chosen as it expresses the idea of "aspired and advanced stars," based on the Latin term "stella," Greek "aster" and English "stellar." Furthmore, spoken in Japanese, Astellas sounds like "a-su wo te-ra-su," meaning "to shine on tomorrow."
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