Takeda transfers off-patent products to focus on innovative medicines

10 April 2017

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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