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Teva JV Allows Takeda To Offload Mature Japan Portfolio

 
• By Ian Haydock

Takeda is to transfer the bulk of its mature products in Japan into a new joint venture with Teva, in a move that will allow the Japanese firm to focus on its innovative portfolio while boosting the Israeli generic giant’s reach in Japan's fast-growing generics sector.

TOKYO - In a step that will effectively allow Takeda Pharmaceutical Co. Ltd. to concentrate on developing its growing innovative business, Japan's leading pharma company has entered into a definitive agreement to set up a minority-owned joint venture in Japan with Teva Pharmaceutical Industries Ltd., into which it will transfer its portfolio of mature products.

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More from Focus On Asia

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• By Xu Hu

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