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Takeda Expects Stronger Net Profit On Lower Tax

Entyvio Again Drives Growth In Q3

 
• By Ian Haydock

Entyvio strong again for Japanese firm as it raises net profit forecast on lower tax costs. Meanwhile, 'Wave 1' pipeline projects are progressing, with simultaneous development in major markets a key goal. 

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Entyvio Again The Main Growth Driver For Takeda • Source: Shutterstock

Takeda Pharmaceutical Co. Ltd. has raised is full fiscal year forecast for net profit attributable to owners of the company by a sizable JPY56.5bn ($535m), or 46%, to JPY180.5bn, due mainly to lower tax costs associated with on-going integration and optimization of the legal entities within its organizational structure.

Japan’s largest pharma firm said the JPY242bn divestment of Takeda Consumer Healthcare Co. Ltd. to Blackstone Group, Inc....

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Pipeline Watch: ASCO Dominates Phase III Readouts

Pipeline Watch is a weekly snapshot of selected late-stage clinical trial events and approvals announced by pharmaceutical and biotech companies at medical and industry conferences, in financial and company presentations, and in company releases and statements.