In shadow of Shire sale, Takeda's TiGenix takeover nears completion

6 July 2018

Japan’s Takeda Pharmaceutical (TSE: 4502) and TiGenix (Euronext Brussels: TIG) have announced that at the end of the second acceptance period, Takeda will hold over 96% of all ordinary shares of the Belgian biotech.

Takeda launched its takeover of the company in January with an offer worth some $630 million, before attention turned to its brobdingnagian bid for London-listed Shire (LSE: SHP).

The Japanese firm hopes to leverage TiGenix’s expertise to accelerate development of novel stem cell therapies, including Cx601 (darvadstrocel), for the treatment of complex perianal fistulas in Crohn’s disease.

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