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Takeda Raises Guidance On Divestments, Improved Velcade Outlook

 
• By Ian Haydock

Takeda raises its guidance for both revenue growth and core profit after its first full fiscal quarter since acquiring Shire, citing delays in US generic competition and divestments. There are as yet no clear signs of what else may be sold off however.

Takeda Tokyo HQ entrance
Brighter Outlook For Post-Shire Takeda • Source: Takeda

In its first full fiscal quarter since completing the acquisition of Shire PLC in early January, Takeda Pharmaceutical Co. Ltd. has raised its guidance for the rest of the year, pointing to the positive impact of delayed US generic competition to Velcade and the divestment of ex-Shire eye drug Xiidra.

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