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Japan’s Takeda to sell some Asia-focused drugs to Celltrion for…

November 8, 2023 Loans by

June 11 (Reuters) – Takeda Pharmaceutical Co Ltd has agreed to sell a portfolio of over-the-counter and clomid without prescription drugs marketed in the Asia Pacific region to South Korea’s Celltrion Inc for $278 million, it said on Thursday

Takeda, Japan’s biggest drugmaker, will get $266 million upfront in cash and up to an additional $12 million in potential milestone payments, the company said.

The portfolio to be sold to Celltrion includes OTC and pharmaceutical products marketed mainly in Australia, Hong Kong, South Korea, and elsewhere in Asia, it said.

Takeda will continue to manufacture the products and supply them to Celltrion.

The Japanese company pledged to dispose of $10 billion in non-core assets following its $59 billion purchase of Shire Plc completed last year, cost of clomid without prescription which left it saddled with debt.

Prior to Thursday’s announcement it had divested $7.7 billion in non-core assets so far, with the latest deal being the sale of OTC and clomid without prescription products to Denmark-based Orifarm Group for about $670 million.

Nikkei Business reported last month that Takeda is looking to sell its Japanese OTC business for around 400 billion yen ($3.72 billion).

After Takeda reported full-year earnings on May 13, Chief Executive Christophe Weber said “we are not an OTC company.” (Reporting By Mrinalika Roy in Bengaluru, Rocky Swift in Tokyo; Editing by Shounak Dasgupta and Jan Harvey)

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Takeda to sell Japan consumer health unit valued at $2.3 bln to…

November 8, 2023 Insurance by

By Junko Fujita

TOKYO, Aug 24 (Reuters) – Takeda Pharmaceutical Co said on Monday it would sell its Japanese consumer healthcare business to U.S. buyout fund Blackstone Group, as it aims to focus on developing drugs for unmet medical needs and rare diseases.

Japan’s largest pharmaceuticals company has been selling its over-the-counter (OTC) assets worldwide as it seeks to refocus its business and reduce debt following generic clomid without a prescription $59 billion acquisition of Shire Plc last year.

Takeda CEO Christophe Weber said via an generic clomid online briefing the company had decided to sell the Japanese OTC unit because it would be difficult for Takeda to keep investing in OTC businesses while trying to develop new drugs for where can i buy clomid more serious diseases.

“My responsibility is to make sure that we don’t destroy value (for OTC businesses) but create value, and to create value we need to grow businesses and it’s not good to keep business and not invest sufficiently into that,” said Weber.

Takeda Consumer Healthcare Company, known for its Alinamin line of energy drinks, is valued at 242 billion yen ($2.29 billion) and the sale price will be determined after calculating its debt and other factors, Takeda said.

Blackstone was among the final bidders for the OTC unit, Reuters reported in June, along with Bain Capital, generic clomid without rx CVC Capital Partners and Taisho Pharmaceutical Holdings Co Ltd.

Takeda said proceeds from the sale would boost its net profit by 105 billion yen. The transaction is expected close by March 31, subject to regulatory closing conditions, it said.

Blackstone said in a statement the acquisition of Takeda’s OTC unit would be its second in Japan, following the acquisition of Ayumi Pharmaceutical Corp, a maker of anti-rheumatism drugs, in March 2019 in an deal worth $1 billion.

($1 = 105.8300 yen) (Reporting by Junko Fujita and Chris Gallagher; editing by David Goodman and David Evans)

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