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Takeda Sheds Select Product Assets In Mid-East, Emerging Markets To Acino

 
• By Ian Haydock

In a continued effort to pay down its debt pile from the acquisition of Shire, Takeda is to offload around 30 selected OTC and Rx products in certain Middle East and other emerging markets to private Swiss group Acino.

Takeda Tokyo HQ
Takeda Sheds More Assets Post-Shire • Source: Ian Haydock

Following strengthening rumors in recent weeks, Takeda Pharmaceutical Co. Ltd. has confirmed it has finalized an agreement to shed a selected portfolio of over-the-counter (OTC) and prescription pharmaceuticals in multiple markets in the Near/Middle East and Africa to Swiss firm Acino Holding AG, for a total value of around $200m.

The proceeds from the divestment will go some way towards further deleveraging the mountain of debt taken on to fund...

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