Uncertainty over Recovering R&D Investment and Launching Pharmaceuticals
First written in FY2017. 3 of 4 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2022: 20 of 40 companies on the "Worse" side.
28 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The development of prescription drugs requires substantial R&D investment and a long period of time, and the probability that a development candidate can be brought to market as a pharmaceutical is by no means high. If development is delayed or discontinued because safety issues arise with a development candidate or its expected efficacy cannot be confirmed, this could materially affect the operating performance and financial condition of the Company Group.」
The disclosure continues to identify the long-term nature of R&D investment and the risks of delays or discontinuation arising from the safety and efficacy of development candidates. - FY2019RestatedAnnual report
「The development of prescription pharmaceuticals requires substantial R&D investment and a long period of time, while the probability of discovering highly novel compounds and bringing them to market as pharmaceuticals is by no means high.」
The recovery of R&D investment and uncertainty over pharmaceutical launches continue to be described as risks. - FY2018RestatedAnnual report
「The development of prescription pharmaceuticals requires substantial R&D investment and a long period of time, while the probability of discovering highly novel compounds and bringing them to market as pharmaceuticals is by no means high.」
The recovery of R&D investment and uncertainty over product launches continue to be described as risks. - FY2017First statedAnnual report
「The development of prescription pharmaceuticals requires substantial R&D investment and a long period of time, while the probability of discovering highly novel compounds and bringing them to market as pharmaceuticals is by no means high.」
The Company discloses the risk that substantial, long-term R&D investment may not result in a product launch.