Ono Pharmaceutical Explained

Ono Pharmaceutical Co., Ltd.
Native Name:小野薬品工業
Native Name Lang:ja
Type:Public (K.K)
Foundation: as Fushimiya Ichibei apothecary
Founder:Ichibei Ono I
Hq Location City:Chuo-ku, Osaka, 541-8564
Hq Location Country:Japan
Key People:Gyo Sagara
(President and CEO)
Industry:Pharmaceuticals
Revenue: USD 6.3 billion (FY 2023)
Net Income:USD 848.1 million (FY 2023)
Num Employees:3,687 (2023)
Area Served:Worldwide
Footnotes:[1] [2] [3]

is one of the largest pharmaceutical companies in Japan. It is headquartered in Chuo-ku, Osaka, Japan, with its major plants in Higashinari-ku, Osaka, and Fujinomiya, Shizuoka.,[4] and its central research institute at Minase, Shimamoto-cho, Mishima District, Osaka.[5]

Ono Pharmaceutical's roots go back to 1717 when Ichibei Ono started his dealer business of pharmaceuticals in Osaka. His business expanded and changed its name a few times, and became Ono Pharmaceutical Industrial Co., Ltd. in 1948.[6]

Ono has been listed in Tokyo Stock Exchange since 1963. Its consolidated earnings in the half year ending in March 2018 were 16 billion Japanese yen.[7]

Nivolumab, the cancer drug based on the research of Prof. Dr. Tasuku Honjo of Kyoto University, who received the Nobel Prize later in 2018, is marketed by both Ono Pharmaceutical and Bristol-Myers Squibb.[8]

In 2024, Harvard University and Ono Pharmaceutical (ONO) entered into a joint research and drug development agreement. Under it, promising projects to test therapeutic targets will be selected over 5 years under the guidance of Harvard's Office of Technology Development, and ONO will fund the work.[9]

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Notes and References

  1. Web site: Company Profile . Ono Pharmaceutical . January 30, 2019.
  2. Web site: Company Profile . . . January 30, 2019.
  3. Web site: About the company . . January 30, 2019.
  4. https://www.ono.co.jp/eng/about/manufacturing.html Ono Pharmaceutical - Manufacturing
  5. https://www.ono.co.jp/eng/rd/research_organization.html Ono Pharmaceutical - Research & Development
  6. Book: P. Reed Maurer . They Do Well Who Do Good: Insights into Japan's Pharmaceutical Industry . January 25, 2013 . 978-1-4669-5347-5 . 132. Trafford .
  7. Web site: Company Overview of Ono Pharmaceutical Co., Ltd.. bloomberg.com. 2018-10-04.
  8. Web site: Spotlight on New Cancer Immunotherapy: Ono Pharmaceutical's Opdivo. Nippon.com. February 9, 2016 . 2018-10-04.
  9. Web site: TechTransferCentral. . Harvard partners with Ono Pharma to accelerate development of novel therapeutics. March 18, 2024 .