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Pharmaceutical company Umbrella Japan to dissolve.
Subjected to the bankruptcy of the global pharmaceutical corporation, Umbrella, the Japanese corporation, "Umbrella Japan" (Headquarters: Tokyo) has announced the dissolution of the company and has entered liquidation proceedings.
The company was established in 1984 as Umbrella Japan. It was going to only import and sell chemicals that had been developed in the United States at the time of establishment; in 1987, construction began on the Umbrella Japan Laboratory. The company was taking advantage of its strengths in biotechnology and was advancing in its own research and development of products.
However, the cause is Umbrella's stock market crash starting with the "Raccoon City tragedy". Recent years helped damage the reputation, and sales have been sluggish. Because of the number of lawsuits relating to the Raccoon City tragedy Umbrella Headquarters was entirely on the losing end, and headquarters went bankrupt. The company is a Japanese corporation which had been looking to take-off; because domestic and foreign pharmaceutical companies, as well as companies in other industries, did not show interest, it was decided to dissolve the company.
Excerpt from a certain morning newspaper - March 15, 2004