Shire in good shape on verge of Takeda sale

31 July 2018

UK-based rare disease specialist and pending Takeda Pharmaceutical (TYO: 4502) subsidiary Shire (LSE: SHP) has released a strong set of second quarter 2018 financials, showing the firm took in $3.8 billion in revenue, in the mid-range of analysts’ expectations.

Net income was $1.2 billion, following Generally Accepted Accounting Principles (GAAP), equivalent to $2.01 per share.

The numbers were driven by a good performance from the firm’s immunology division, from recently launched products, and from global expansion efforts.

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