European Commission Waives the Takeda's Commitment to Obtain Clearance on Shire's Acquisition
Shots:
- EC has released Takeda from the obligation to divest SHP647 & its associated rights. Takeda will discontinue the clinical study of SHP647 and will provide an opportunity to the participants to access in a PTA study
- In 2018- EC approved its proposed acquisition of Shire with a condition. To avoid overlap in IBD b/w Takeda’s Entyvio (vedolizumab) and Shire’s SHP647- Takeda committed to divest SHP647 which became effective on Jan 08- 2019
- Following the completion of the Shire acquisition- EC concluded that there is no competition concern b/w the drugs- thus Takeda’s obligation to divest SHP647 was no longer justified and the EC waived the commitment
Ref: Takeda | Image: Takeda
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