T. Rowe Price Japan Fund Comments on Chugai Pharmaceutical

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Jun 19, 2020

In the pharmaceutical sector, the top contributing holding was Chugai Pharmaceutical (TSE:4519, Financial). Its shares received a boost from news that an antibody developed by the pharmaceutical company would be part of a clinical trial to treat severe pneumonia linked to COVID-19, the disease caused by the coronavirus. The company released solid first-quarter results, with its key drugs Hemlibra and Tecentriq ahead of expectations on market sales and with costs remaining well controlled.

From the T. Rowe Price Japan Fund (Trades, Portfolio)'s 2020 semi-annual shareholder letter.

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