July 10, 2014 1:37 AM ET

Pharmaceuticals

Company Overview of Otsuka America, Inc.

Company Overview

Otsuka America, Inc. is a holding company, which through its subsidiary, Otsuka Pharmaceutical Co., Ltd., engages in the research and development, manufacture, and sale of pharmaceutical and consumer products. It offers various pharmaceuticals, such as oryzanol preparations, eye drops, ß-blocker ophthalmic solutions, and bronchodilators; active pharmaceutical ingredients and formulations; injectable solutions; tablets, such as anti-gastritis and anti-gastric ulcer agents; and pharmaceutical products in the areas of the central nervous system, oncology, infectious diseases, and ophthalmology and dermatology, as well as cardiovascular, digestive, and respiratory systems. The company also invol...

One Embarcadero Center

Suite 2020

San Francisco, CA 94111

United States

Founded in 1989

Phone:

415-986-5300

Fax:

415-986-5361

Key Executives for Otsuka America, Inc.

Chairman and Chief Executive Officer
President and Chief Operating Officer
Compensation as of Fiscal Year 2014.

Otsuka America, Inc. Key Developments

Robbins Geller Rudman & Dowd LLP Announces Filing of Lawsuit Against Pharmavite, Otsuka America and Otsuka Pharmaceutical

Robbins Geller Rudman & Dowd LLP and Law First LLC have filed an important consumer fraud class action lawsuit against the manufacturers of the popular Nature Made(R) vitamins and supplements, after an extensive pre-suit investigation revealed that dozens of Nature Made(R) supplements contain pork gelatin, notwithstanding what is stated on the product labels. The lawsuit seeks damages from named defendants Pharmavite LLC, Otsuka America Inc. and Otsuka Pharmaceutical Co., Ltd., an injunction against continued false advertising and marketing by the defendants, and various other forms of relief. The complaint alleges that more than 120 different Nature Made(R) -brand dietary supplement products are distributed in the United States and around the globe, and Nature Made(R) has become America's best selling supplement brand over the last seven years. However, approximately 60 different Nature Made(R) supplements contain an ingredient that is not listed on the label: gelatin, a mixture of peptides and proteins produced by the extraction of collagen from the skin, boiled crushed bones, connective tissues, organs, and intestines of animals such as domesticated cattle, chicken and pigs. According to the complaint, Nature Made(R) has become the supplement leader by making numerous "promises" and "guarantees" of "transparency," "openness," and "honesty" with the consuming public, such as expressly stating on its website that Nature Made(R) "goes above and beyond to guarantee to consumers that what is on the label is in the bottle".

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 5, 2013
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