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Takeda Pharmaceutical Company Limited (NYSE: TAK), a Japanese multinational corporation, stands as Asia's largest and one of the globe's top 20 pharmaceutical giants by revenue. Headquartered in Tokyo, Takeda operates across approximately 80 countries, merging American and British roots into its vast global presence.
With a revenue of JPY 4.3 trillion in fiscal 2023, Takeda dedicates its efforts predominantly to five therapeutic areas: oncology, gastroenterology, neuroscience, rare diseases, and plasma-derived therapies, which collectively generate more than 80% of its revenue. Takeda’s global footprint is diversified, with 50% of its revenue originating from the US, 20% from Japan, and another 20% from Europe and Canada.
Noteworthy for its robust pipeline and commitment to innovation, Takeda partners with various organizations to push the boundaries of medical research. A recent highlight includes a joint venture with Astellas Pharma Inc. and Sumitomo Mitsui Banking Corporation. This collaboration aims to incubate early drug discovery programs, striving to transition academic breakthroughs into practical medical treatments.
Moreover, Takeda's strategic partnership with Neurocrine Biosciences to develop NBI-1065845, an investigational treatment for major depressive disorder, showcases its dedication to addressing unmet medical needs. The positive Phase 2 results of the SAVITRI™ study underline the potential of NBI-1065845 to provide hope for patients with inadequate responses to existing treatments.
Takeda's philosophy focuses on creating a healthier world through life-transforming treatments in its core areas. Their values-based, R&D-driven approach has sustained their leadership in the pharmaceutical sector for over two centuries.
Takeda Pharmaceutical Company has finalized the sale of a portfolio of select products in Latin America to Hypera S.A. for $825 million USD. This divestment, initially announced in March 2020, includes over-the-counter and prescription products. Approximately 300 commercial employees will transition to Hypera, while Takeda will continue to manufacture these products. Proceeds from the sale aim to reduce debt, targeting a net debt/adjusted EBITDA ratio of 2x by 2023. This sale contributes to Takeda's broader strategy, having exceeded its $10 billion non-core asset divestiture target in 2020.
Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) has revealed promising new data from a Phase 1/2 trial of mobocertinib (TAK-788) for patients with EGFR Exon20 insertion+ metastatic non-small cell lung cancer (mNSCLC). The results indicate a 35% confirmed objective response rate and a median duration of response of 17.5 months in platinum-pretreated patients. Despite a manageable safety profile, mobocertinib is not yet FDA-approved. Takeda plans to submit findings to regulatory agencies globally and will host an investor briefing on January 29.
Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) announced new findings from the Phase 1/2 trial of mobocertinib (TAK-788) for patients with EGFR Exon20 insertion+ metastatic non-small cell lung cancer (mNSCLC). The late-breaking results presented at the IASLC 2020 WCLC indicate a confirmed objective response rate (ORR) of 35% and a median duration of response (DoR) of 17.5 months in platinum-pretreated patients. Takeda plans to submit these data to regulatory authorities globally. Mobocertinib is not yet approved for this indication.
Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) has achieved carbon neutrality in its value chain for fiscal year 2019. This milestone was reached through energy conservation, green energy procurement, and investment in verified carbon offsets. Takeda aims to reduce operational emissions by 40% by 2025 and achieve carbon neutrality by 2040. The company supports over 30 renewable energy projects across 12 countries, addressing 15 out of 17 UN Sustainable Development Goals. Recognized for its climate leadership, Takeda has been named on CDP’s 'A List' and Corporate Knights Global 100 Most Sustainable Corporations.
Takeda Pharmaceutical Company Limited (NYSE:TAK) has received recognition in the 2021 Access to Medicine Index, ranking sixth overall among 20 pharmaceutical companies. The company excelled in Governance of Access, R&D capacity, and health system strengthening. Notably, Takeda ranked first in Governance of Access and led the industry for R&D capacity building. Its initiatives focus on affordable access, assessed access strategies, and local healthcare programs, such as the Blueprint for Innovative Healthcare Access in Kenya and Rwanda, aimed at enhancing medicine accessibility.
Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) provided a comprehensive update during the 39th Annual J.P. Morgan Healthcare Conference. CEO Christophe Weber highlighted Takeda's strong business resilience amid COVID-19 and outlined plans for revenue growth through an innovative pipeline, targeting JPY5 trillion ($47 billion) by FY2030. Key programs, including TAK-003 for dengue and TAK-755 for thrombotic thrombocytopenic purpura, are expected to contribute significantly to revenue. Takeda aims to maintain investment-grade credit ratings, with a focus on cost synergies and shareholder returns.
Takeda Pharmaceutical Company Limited (TSE: 4502/NYSE: TAK) is set to participate in the 39th Annual J.P. Morgan Healthcare Conference on January 11, 2021. The virtual presentation will take place at 5:20 p.m. ET and will feature CEO Christophe Weber. Investors and the public can access the live webcast here. A replay and downloadable slides will also be available on Takeda's website following the event.
Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) has successfully concluded the sale of a non-core portfolio of 16 prescription products to Cheplapharm for $562 million. This divestment, originally announced in September 2020, aligns with Takeda's strategy to streamline its focus on key therapeutic areas including Gastroenterology and Oncology. Proceeds from the sale will be allocated towards reducing debt, aiming for a net debt/adjusted EBITDA ratio of 2x by 2023. Takeda has exceeded its $10 billion divestiture goal with a total of 11 deals worth approximately $11.6 billion since January 2019.
Takeda Pharmaceutical Company has agreed to divest a non-core portfolio of prescription pharmaceutical products in China to Hasten Biopharmaceutic Co., Ltd. for $322 million. This portfolio, which generated approximately $109.5 million in sales during FY2019, includes cardiovascular products like Ebrantil. The divestiture aligns with Takeda's strategy to focus on core therapeutic areas such as Gastroenterology and Oncology. Proceeds will be used to reduce debt and support long-term growth, with over 15 product approvals planned in China over the next five years.
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