Takeda Divests its Select Non-Core Assets in the EU and Canada to Cheplapharm for $562M
Shots:
- Takeda will receive $562M up front for divesting its non-core prescription pharmaceutical products targeting a variety of therapeutic categories sold predominantly in the EU and Canada
- The divested portfolio includes Takeda’s CV/ metabolic and anti-inflammatory therapeutic areas along with Calcium. The portfolio generated FY 2019 net sales of ~$260M
- The divestiture further enables Takeda’s EUCAN to focus on and drive strategic core growth areas. In Apr’2020- Takeda divested EUCAN’s non-core OTC products to Orifarm Group
Ref: Takeda | Image: Takeda
Click here to read the full press release
Tags
This content piece was prepared by our former Senior Editor. She had expertise in life science research and was an avid reader. For any query reach out to us at connect@pharmashots.com