Takeda reports revenue and earnings increase

1 February 2019

Soaring sales of the gastro drug Entyvio (vedolizumab) have helped Takeda (TYO: 4502) to record a rise in profits and revenue for the latest quarter.

The Japanese drugmaker, which is in the process of integrating the rare diseases company Shire, goes by a financial year of April to March, so these latest figures are classed as its third quarter results.

Operating profit for the quarter came to 112.5 billion yen ($1.03 billion), a rise of nearly 28% on the same period in 2017, while total revenue increased by 2.3% to 499.4 billion yen.

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