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Takeda’s Strategic Run Up To Nycomed

With the acquisition of Nycomed, Takeda’s long-standing strategy for becoming a world-class pharma has come into focus. The company spent much of the past decade building up its pipeline, globalizing R&D and importing Western staff, assets, platforms and processes. It also began a hectic period of M&A unparalleled among Japanese companies, culminating in 2011 with its acquisition of Nycomed. Now its focus will need to shift from big acquisitions and organizational makeover to execution.

Ever since the founding in 1985 of TAP Pharmaceutical Products Inc., the 50/50 joint venture with Abbott Laboratories Inc., Takeda Pharmaceutical Co. Ltd. had been viewed as a bi-modal company focusing on its domestic Japanese market and on the US.

TAP can be viewed as Takeda’s first significant global expansion. It was through TAP that Takeda eventually cut its teeth...

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