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More Divestments In Store As Takeda Digests Shire, Faces Expiries

 
• By Ian Haydock

Takeda remains committed to meeting its post-Shire divestment target, as it faces up to $2bn in at-risk revenues from expiries and seeks additional cost synergies. 

Takeda
Divestments, Expiries, Cost Savings On The Cards For Takeda • Source: Shutterstock

While Takeda Pharmaceutical Co. Ltd. is "very pleased" with the recent deal to sell Xiidra to Novartis AG, "there will be more to come" as the Japanese firm continues to rationalize assets after the Shire PLC acquisition, CEO Christophe Weber says.

The deal for ex-Shire dry eye drug Xiidra (lifitegrast) is worth up to $5.3bn in total to Takeda, which has...

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