Takeda transfers off-patent products to focus on innovative medicines
Japan’s largest drugmaker Takeda Pharmaceutical (TYO: 4502) has sold seven off-patent products in Japan to Teva Takeda Yakuhin.
Takeda says the purpose of the transaction is to offload non-core products and free up cash to reinvest in its core therapeutic areas.
Teva Takeda Yakuhin is a joint venture formed one year ago between Takeda and Israeli generics specialist Teva Pharmaceutical (NYSE: TEVA), with the aim of providing off-patent drugs to the Japanese market.
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