Rebranding for Borders business
New name for ProStrakan following Kyowa deal
The company was acquired by Tokyo-based Kyowa Hakko Kirin in 2011 and the Japanese company has decided that, in order to present a consistent image across the world, all of its western pharmaceutical subsidiaries are to adopt the Kyowa Kirin name.
ProStrakan, headquartered in Galashiels,will trade as Kyowa Kirin International with its various country affiliates adopting the Kyowa Kirin name into their local company titles.
Aside from the name change itself, the move will have no impact on the business, which operates across Europe and the US.
Tom Stratford, chief executive of Kyowa Kirin International, said: “KHK’s ambition is to grow a global pharmaceuticals business. The business is entering an exciting launch phase for its pipeline of near-to-market products and this is a logical time for the company to unify all of its operating companies under the Kyowa Kirin name across Asia, Europe and the US.
“We are proud of our heritage as ProStrakan and of the part we play in the KHK group. We plan to adopt the Kyowa Kirin identity over the course of 2016 and I am confident that we will continue to play a significant role in the Scottish life sciences sector and in our markets across Europe and the US.”