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Takeda Raises Profit Forecast After 'Pandemic-Resistant' Q1

Aided By Chronic Portfolio

 
• By Ian Haydock

Japan’s largest pharma company says it has seen no impact on its financial results so far from the coronavirus pandemic, with continuing growth for mainstay drugs, and raises its profit forecasts for the fiscal year on favorable one-off factors.

Takeda
Takeda Says It Has Been Largely Pandemic-Resistant So Far • Source: Ian Haydock

Reporting a fiscal first quarter which saw global underlying revenues rise around 1% despite the pandemic, Takeda Pharmaceutical Company Limited. says it “has not experienced a material effect” on its financial results so far, given a portfolio weighted towards chronic and serious disorders, although various aspects of operations have seen some impact.

Neuroscience saw some effect (underlying revenue in the sector was down 1%) as patients visited providers and were diagnosed less...

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