In the latest in a string of post-Shire divestments designed to hone its global focus on core therapeutic areas and innovative products, Takeda Pharmaceutical Co. Ltd. has reached an agreement to divest a portfolio of 18 selected over-the-counter (OTC) and prescription pharmaceutical products sold exclusively in the Asia-Pacific region to Celltrion Inc.
The major South Korean group, which is now focused mainly on biologics, will pay $266m upfront in cash and up to an additional $12m in milestones, as it looks to build out its international business presence
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