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Takeda Forecasts Tripling In Reported Op Profit Despite Virus Uncertainties

Lower Shire-Related Costs

 
• By Ian Haydock

While it has seen no coronavirus-related business impact so far and uncertainties remain, Takeda expects lower costs related to the Shire acquisition to propel its profits this fiscal year.

Takeda Tokyo HQ entrance
Takeda Sees Lower Costs, Entyvio Propelling Growth This Year • Source: Takeda

Takeda Pharmaceutical Co. Ltd. said in reporting its annual figures that it has to date not experienced any material impact on its financial results from the global coronavirus pandemic, despite various changes to its operations and working practices in line with the broader responses around the world.

Based on current information, Japan’s leading pharma company said it believes that its performance in the current fiscal year (ending 31 March 2021) “will not be materially affected.” But it...

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