Takeda to spin out consumer health business
Japanese drug major Takeda Pharmaceutical (TYO: 4502) says it plans to spin off its Japan Consumer Healthcare Business Unit into a wholly-owned subsidiary, Takeda Consumer Healthcare Company (TCHC), in order to expand the business.
After the establishment of the Takeda Consumer Healthcare Company, the Japan Consumer Healthcare business will be succeeded by TCHC via an absorption-type split. The new wholly-owned subsidiary is expected to start business in April 2017.
Takeda's Japan consumer healthcare business has been realizing sustained growth by focusing on over-the-counter medicines including Alinamin and Benza, and a health food named Midori no Shukan. Through this planned spin-off, the Takeda Consumer Healthcare Company will gain a more agile business model in the consumer healthcare market with a goal of accelerating growth by responding faster to changes in the market.
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