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Takeda Escapes COVID Impact With 2% Underlying Growth

R&D Spend To Rise 15%

 
• By Ian Haydock

Takeda continued to prove largely resistant to the business impact of the pandemic last fiscal year, when it made solid progress and exceeded a number of post-Shire targets. R&D spending is set to ramp-up as the Japanese firm progresses its 'Wave 1' pipeline to market. 

Takeda Tokyo HQ entrance
Takeda spends to progress Wave 1 pipeline • Source: Takeda

While the pandemic reduced patient visits with an impact on some areas including neuroscience at Takeda Pharmaceutical Co. Ltd., this was offset by gains for certain other products and lower travel expenses, meaning the overall net business impact for the Japanese firm last fiscal year was “not material.”

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