Japan to extend foreign investment controls to Avigan suppliers: Yomiuri

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The move would be an extension of revised rules on foreign ownership in companies deemed critical to national security. The Ministry of Finance released a list of 518 such companies on Friday.

Japan’s Fujifilm Holdings Corp (T:4901) is working with domestic suppliers to ramp up production of its anti-flu drug Avigan that is being tested as a treatment for COVID-19.

Chemical makers Denka Co (T:4061) and Kaneka Corp (T:4118) are among Avigan raw materials suppliers that would be subject to the revised ownership rules, Yomiuri said.