OSAKA, Japan, May 23, 2026 - Shionogi & Co., Ltd. (Head Office: Osaka, Japan; Chief Executive Officer: Isao Teshirogi, Ph.D.; hereafter "Shionogi") announced that “Shionogi Expands Rare Disease Presence with Planned Acquisition of Global Rights to Tanabe Pharma Corporation’s RADICAVA ORS® (edaravone) and IV RADICAVA” on December 22, 20251. With respect to this business investment, we hereby announce that we have decided today to borrow a bridge loan.
1. Details of the Borrowing
(1). The bridge lone related to “Shionogi Expands Rare Disease Presence with Planned Acquisition of Global Rights to Tanabe Pharma Corporation’s RADICAVA ORS® (edaravone) and IV RADICAVA”
(1) Lender |
SUMITOMO MITSUI BANKING CORPORATION |
(2) Amount Borrowed |
JPY 360 billion |
(3) Date of Agreement |
May 24, 2026 |
(4) Loan Disbursement Date |
May 27, 2026 |
(5) Interest Rate |
Reference Interest Rate plus a spread |
(6) Final Repayment Date |
May 26, 2027 |
(7) Collateral |
None |
2. Outlook
With respect to the funds to be raised under the borrowing agreement, Shionogi plans to refinance them into mid- to long-term financing by the repayment deadline.
3. Future Prospects
The impact on Shionogi’s consolidated financial results for the fiscal year ending March 31, 2026, is expected to be minimal. The impact on the consolidated financial results for the fiscal year ending March 31, 2027, is currently being examined, and if any matters arise that should be disclosed, we will promptly disclose them.
References
Forward-Looking Statements
This announcement contains forward-looking statements. These statements are based on expectations in light of the information currently available, assumptions that are subject to risks and uncertainties which could cause actual results to differ materially from these statements. Risks and uncertainties include general domestic and international economic conditions such as general industry and market conditions, and changes of interest rate and currency exchange rate. These risks and uncertainties particularly apply with respect to product-related forward-looking statements. Product risks and uncertainties include, but are not limited to, completion and discontinuation of clinical trials; obtaining regulatory approvals; claims and concerns about product safety and efficacy; technological advances; adverse outcome of important litigation; domestic and foreign healthcare reforms and changes of laws and regulations. Also for existing products, there are manufacturing and marketing risks, which include, but are not limited to, inability to build production capacity to meet demand, lack of availability of raw materials and entry of competitive products. The company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
For Further Information, Contact:
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