Takeda Pharmaceutical Company

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Takeda Pharmaceutical Company Limited[1]
Native name
武田薬品工業株式会社
Takeda Yakuhin Kōgyō kabushiki gaisha
FormerlyChobei Takeda & Co., Ltd. (1925-1943)
Takeda Pharmaceutical Industries, Ltd. (English name only 1943-1961)
Takeda Chemical Industries, Ltd. (English name only 1961-2004)[2]
TypePublic KK
IndustryPharmaceuticals
FoundedDoshomachi, Osaka, Japan (June 12, 1781 (1781-06-12))
FounderChobei Takeda I
Headquarters
Nihonbashi, Chuo, Tokyo
,
Japan
Key people
Yasuchika Hasegawa
(Chairman of the Board)
Christophe Weber[3]
(President & CEO)
RevenueIncrease ¥1,770,531 million (FY 2018)[* 1]
Decrease ¥241,789 million (FY 2018)[* 1]
Increase ¥186,886 million (FY 2012)[* 1]
Total assetsIncrease ¥4,106,463 billion (FY 2018)[* 1]
Total equityIncrease ¥1,997,424 billion (FY 2018)[* 1]
OwnerNippon Life (2.24%),[4]

BNY Mellon(5.39%)[4]

JPMorgan Chase(3.50%)[4]

State Street Corporation(1.50%)
Number of employees
49,578 (2019)

(18,378) in United States [5]

(5,350) in Japan[6]
Websitetakeda.com (Global website)
Footnotes / references
  1. ^ Jump up to: a b c d e "Financial Results for Fiscal 2018". Takeda Pharmaceutical Company Limited. May 9, 2013. Retrieved June 13, 2013.

The Takeda Pharmaceutical Company Limited[1] (武田薬品工業株式会社, Takeda Yakuhin Kōgyō kabushiki gaisha) [takeꜜda jakɯçiŋ koꜜːɡʲoː] is a Japanese multinational[7] pharmaceutical and biopharmaceutical company. It is the largest pharmaceutical company in Asia and one of the top 20 largest pharmaceutical companies in the world by revenue (top 10 following merger with Shire). The company has over 49,578 employees worldwide and achieved US $19.299 billion in revenue during the 2018 fiscal year.[8] The company is focused on metabolic disorders, gastroenterology, neurology, inflammation, as well as oncology through its independent subsidiary, Takeda Oncology.[9] Its headquarters is located in Chuo-ku, Osaka, and it has an office in Nihonbashi, Chuo, Tokyo.[10][11] In January 2012, Fortune Magazine ranked the Takeda Oncology Company as one of the 100 best companies to work for in the United States.[12] As of 2015, Christophe Weber was appointed as the CEO and President of Takeda.[13]

History[]

Takeda Midosuji Building, headquarters of Takeda Pharmaceutical Company, in Chuo-ku, Osaka, Japan
The Uroko logo, used as Takeda's Japanese logo until 2019

Takeda Pharmaceuticals was founded in 1781, and was incorporated on January 29, 1925.[14]

In 1977, Takeda first entered the U.S. pharmaceutical market by developing a joint venture with Abbott Laboratories called TAP Pharmaceuticals.[15] Through TAP Pharmaceuticals Takeda and Abbott launched blockbuster drugs Lupron (leuprorelin), in 1985,[16] then Prevacid (lansoprazole), in 1995.[17] In 2001, TAP's illegal marketing of Lupron resulted in both civil and criminal charges by the U.S. Department of Justice and the Illinois attorney general for federal and state medicare fraud. TAP was fined $875 million, then reported as the largest pharmaceutical settlement in history.[18][19]

One of the firm's mainstay drugs is Actos (pioglitazone), a compound in the thiazolidinedione class of drugs used in the treatment of type 2 diabetes. It was launched in 1999.[20]

In February 2005, Takeda acquired San Diego, California, based Syrrx, a company specializing in high-throughput X-ray crystallography, for US$270 million.[21]

In February 2008, Takeda acquired the Japanese operations of Amgen and rights to a dozen of the California biotechnology company's pipeline candidates for the Japanese market.[22] In March 2008, Takeda and Abbott Laboratories announced plans to conclude their 30-year-old joint venture, TAP Pharmaceuticals.[23] The split resulted in Abbott acquiring U.S. rights to Lupron and the drug's support staff.[24] Takeda received rights to Prevacid and TAP's pipeline candidates.[24] The move also increased Takeda's headcount by 3,000 employees.[25] In April 2008, Takeda acquired Millennium Pharmaceuticals of Cambridge, Massachusetts, a company specializing in cancer drug research, for US$8.8 billion.[26] The acquisition brought in Velcade, a drug indicated for hematological malignancies, as well as a portfolio of pipeline candidates in the oncology, inflammation, and cardiovascular therapeutic areas. Millennium now operates as an independent subsidiary.[26] In May 2008, the company licensed non-exclusively the RNAi technology platform developed by Alnylam Pharmaceuticals, creating a potentially long-term partnership between the companies.[27]

In September 2011, Takeda acquired Nycomed for €9.6 billion.[28]

In June 2012, Takeda announced it would acquire URL Pharma, then run by the founder's son Richard Roberts, for US$800 million.[29] On 25 May 2012, Takeda purchased Brazilian pharmaceutical company Multilab for R$540 million.[30]

On 26 September 2014, Takeda announced it would team up with BioMotiv to identify and develop new compounds over a five-year period, worth approximately US$25 million.[31] On 30 September 2014, Takeda announced it would expand a collaboration with MacroGenics, valued up to US$1.6 billion. The collaboration focused on the co-development of the preclinical autoimmune compound MGD010. MGD010 is a therapy which targets the B-cell surface proteins CD32B and CD79B, and is indicated for lupus and rheumatoid arthritis.[32]

In 2015, Takeda sold its respiratory drugs business to AstraZeneca for $575 million (about £383 million), which included roflumilast and ciclesonide.[33] On November 20, 2015, the U.S. Food and Drug Administration approved Ixazomib developed by Takeda for use in combination with lenalidomide and dexamethasone for the treatment of multiple myeloma after at least one prior therapy.[34]

On December 2, 2016, the company spun out its neuroscience research division into Cerevance, a joint venture along with Lightstone Ventures.[35]

In February 2017, Takeda acquired Ariad Pharmaceuticals for $5.2 billion, expanding the company's oncology and hematology divisions.[36]

In January 2018, the company acquired stem cell therapy developer TiGenix for up to €520 million ($632 million).[37]

In January 2019, Takeda acquired Shire for more than US$50 billion.[38][39]

In October 2019, Takeda announced it had sold a portfolio of over-the-counter and prescription medicines in the Middle East and Africa to Swiss pharmaceuticals company Acino International for more than $200 million.[40][41]

In January 2020, Takeda announced a research partnership with the Massachusetts Institute of Technology (MIT) to advance discoveries in artificial intelligence and health. The MIT-Takeda Program is housed in the MIT Jameel Clinic, and is led by Professor James J. Collins, with a steering committee led by Professor Anantha P. Chandrakasan, dean of the MIT School of Engineering, and Anne Heatherington, senior vice president and head of Data Sciences Institute (DSI) at Takeda.[42][43][44] In March 2020, Takeda announced that it has entered into an exclusively agreement to divest a portfolio of non-core products in Latin America to Hypera S.A. for a total value of $825 million.[45]

In March 2021, the company announced it would acquire Maverick Therapeutics, Inc. and its two major programs (MVC-101) in trials for the treatment of EGFR-expressing tumours and (MVC-280) for use in the treatment of patients with B7H3-expressing tumors.[46]

Acquisition history[]

  • Takeda Pharmaceutical Company (Est. 1781)
    • Syrrx (Acq 2005)
    • Millennium Pharmaceuticals (Acq 2008)
      • COR Therapeutics (Acq 2002)
      • Cambridge Discovery Chemistry (Acq 2000)
      • Leukosite (Acq 1999)
    • Nycomed (Acq 2011)
    • URL Pharma (Acq 2012)
    • Multilaba (Acq 2012)
    • Cerevance (Neuroscience div, Spun off 2016)
    • Ariad Pharmaceuticals (Acq 2017)
    • TiGenix (Acq 2018)
    • Shire Plc (Founded 1986, Acq 2019)
      • Pharmavene (Acq 1997)
      • Richwood Pharmaceutical Company (Acq 1997)
      • Biochem Canada (Acq 2001)
      • Transkaryotic Therapeutics (Acq 2005)
      • New River Pharmaceuticals Inc (Acq 2007)
      • Jerini (Acq 2008)
      • Movetis (Acq 2012)
      • Advanced BioHealing (Acq 2011)
      • FerroKin BioSciences (Acq 2012)
      • Lotus Tissue Repair, Inc (Acq 2013)
      • Premacure AB (Acq 2013)
      • SARcode Bioscience Inc (Acq 2013)
      • ViroPharma (Founded 1994, Acq 2013)
        • Lev Pharmaceuticals (Acq 2008)
      • Fibrotech (Acq 2014)
      • Lumena (Acq 2014)
      • NPS Pharmaceuticals (Acq 2015)
      • Meritage Pharma (Acq 2015)
      • Foresight Biotherapeutics (Acq 2015)
      • Dyax (Acq 2015)
      • Baxalta (Acq 2016)
    • Maverick Therapeutics, Inc (Acq 2021)

Divestments[]

In May 2019, Takeda sold its Xiidra dry-eye drug business to Novartis for $5.3 billion, $3.4 billion upfront and up-to $1.9 billion in sales milestones.[47][48]

In November 2019, Takeda entered an agreement to sell its over-the-counter and prescription drugs businesses in Russia, Georgia, Armenia, Azerbaijan, Belarus, Kazakhstan, and Uzbekistan to Stada Arzneimittel for $660 million.[49]

In June 2020, Takeda announced that it was divesting 18 over-the-counter and prescription drugs marketed in the Asia-Pacific region to South Korea's Celltrion in a deal worth $278 million.[48][50][51][52]

Locations[]

Takeda operates two primary bases in Japan in Osaka and Tokyo. Its United States subsidiary is based in Cambridge, Massachusetts, and all Global Operations outside Japan and U.S. are based in Opfikon (Zurich), Switzerland. The company maintains research and development sites in Japan, the United States, the United Kingdom and Singapore, with manufacturing facilities across the globe.

Lawsuits[]

In April 2015 Takeda agreed to pay a settlement of $2.37 billion to an estimated 9,000 people who submitted claims alleging that pioglitazone was responsible for giving them bladder cancer.[53] In 2014, a plaintiff was awarded $9 billion in punitive damages after a federal court found Takeda hid the cancer risks of their diabetes medicine,[54] but the amount was later reduced to $26 million by a judge who deemed the charge excessive.[55]

References[]

  1. ^ Jump up to: a b "Company Facts | Takeda". www.takeda.com.
  2. ^ "The History of Takeda - 1781 to 1944 | Takeda".
  3. ^ Chris Gallagher (2015-03-15). Muralikumar Anantharaman (ed.). "Japan drugmaker Takeda says Christophe Weber to become CEO April 1". Reuters. Retrieved 2015-04-20.
  4. ^ Jump up to: a b c "Share Data | Takeda".
  5. ^ "Working at Takeda Pharmaceuticals NA".
  6. ^ "Takeda offers early retirement to workers as young as 30". Nikkei Asia.
  7. ^ "Takeda Completes Acquisition of Shire, Becoming a Global, Values-based, R&D-Driven Biopharmaceutical Leader".
  8. ^ "Financial Results for Fiscal 2012" (PDF). Takeda Pharmaceutical Company Limited. 2013-05-09. Retrieved 2013-06-13.
  9. ^ "Takeda Initiates Cardiovascular Outcomes Trial for Alogliptin, An Investigational Treatment for Type 2 Diabetes". Newsblaze.com. 2009-08-28. Archived from the original on 2012-05-04. Retrieved 2010-09-18.
  10. ^ "FAQ." Takeda Pharmaceutical Company. Retrieved on 2011-02-02. "Q : Where is Takeda located? A : The Head Office is located in Osaka, Japan, and the Tokyo Head Office is located in Tokyo, Japan."
  11. ^ "Overview." Takeda Pharmaceutical Company. Retrieved on 2011-02-02. "Headquarters Head Office 1-1, Doshomachi 4-chome, Chuo-ku, Osaka 540-8645" and "Tokyo Head Office 12-10, Nihonbashi 2-chome, Chuo-ku, Tokyo 103-8668"
  12. ^ "100 Best Companies to Work For 2012". Fortune. 2012-02-06. Retrieved 2018-03-29.
  13. ^ "Christophe Weber". Takeda.
  14. ^ Du, Lisa (2018-12-12). "Daring Deal by French CEO Sets Japan's Takeda on Global Path". Bloomberg.com. Retrieved 2020-02-20.
  15. ^ "Takeda shrinks its Deerfield workforce, as it adds in Boston". Crain's Chicago Business. 2017-07-18. Retrieved 2020-02-20.
  16. ^ Japson, Bruce (Apr 29, 2001). "The Lupron loophole: Cancer drug strikes it rich". Chicago tribune. Retrieved 19 June 2021.
  17. ^ "Takeda Pharmaceutical to Pay Abbott Laboratories up to $1.5B in Venture Split". FierceBiotech. Retrieved 2020-02-20.
  18. ^ Petersen, Melody (Oct 4, 2001). "2 Drug Makers to Pay $875 Million to Settle Fraud Case". The New York Times. Retrieved June 19, 2021.
  19. ^ "Press Release: TAP Pharmaceutical Products Inc. and Seven Others Charged with Health Care Crimes". US Department of Justice. Oct 3, 2001. Retrieved June 19, 2021.
  20. ^ "Immediate Actos Appeal Will Resolve Uncertainty, Takeda Says". news.bloomberglaw.com. Retrieved 2020-02-20.
  21. ^ "Japan's Takeda to Acquire Syrrx". Los Angeles Times. 2005-02-08. Retrieved 2020-02-20.
  22. ^ "Takeda, Amgen in exclusive tie-up for Japanese market". MarketWatch. 2008-02-04. Retrieved 2010-09-18.
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  24. ^ Jump up to: a b Wang, Shirley S. (2008-03-20). "Abbott, Takeda to End Joint Venture". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-02-20.
  25. ^ Marrazzo, Amanda (2008-05-15). "Featured Articles From The Chicago Tribune". Archives.chicagotribune.com. Retrieved 2010-09-18.
  26. ^ Jump up to: a b "Takeda to buy Millennium Pharma for $8.8 billion". Reuters. 2008-04-10. Retrieved 2020-02-20.
  27. ^ "Alnylam Signs Potential $1B RNAi Agreement with Takeda". bioworld.com. Retrieved 2020-02-20.
  28. ^ Dealbook (2011-05-19). "Takeda to Buy Nycomed for $13.7 Billion". DealBook. Retrieved 2020-02-20.
  29. ^ "Takeda to acquire URL Pharma for $800m". Retrieved 2020-02-20.
  30. ^ Hirschler, Ben (2012-05-25). "Farmacêutica Takeda comprará Multilab por até R$ 540 mi". Grupo Abril (in Portuguese). Exame. Retrieved 2013-01-27.
  31. ^ "Takeda, BioMotiv Launch $25M Drug Development Partnership". Genetic Engineering & Biotechnology News. Mary Ann Liebert, Inc. 2014-09-26. Retrieved 2015-04-23.
  32. ^ "Takeda, MacroGenics Launch Up to $1.6B Expansion of DART Collaboration". Genetic Engineering & Biotechnology News. Mary Ann Liebert, Inc. 2014-09-30. Retrieved 2015-04-23.
  33. ^ Julia Bradshaw for The Daily Telegraph, 16 December 2015. AstraZeneca to buy Takeda's lung business for £383m.Accessed: 17 December 2015.
  34. ^ "Ninlaro (ixazomib) FDA Approval History". Drugs.com. Retrieved 2020-02-20.
  35. ^ "Takeda Spins Out Research Team into Neuroscience Startup". 2016-12-02.
  36. ^ "Takeda to Acquire ARIAD Pharmaceuticals for $5.2B". 2017-01-09.
  37. ^ "Takeda to Acquire TiGenix for €520M". 2018-01-05.
  38. ^ Du, Lisa; Takahashi, Maiko (8 May 2018). "Takeda Clinches $62 Billion Deal to Buy Drugmaker Shire". Bloomberg. Retrieved 6 July 2019.
  39. ^ Philippidis, Alex (1 July 2019). "Top 10 M&A Deasl of January—June 2019". Genetic Engineering & Biotechnology News. And it didn't include earlier-announced deals completed in 2019, such as Takeda Pharmaceutical's £46 billion ($58.6 billion) purchase of Shire.
  40. ^ "Takeda sells Mideast, Africa drug portfolio to Switzerland's Acino". Reuters. 2019-10-15. Retrieved 2019-10-15.
  41. ^ "Takeda wraps 30 emerging markets drugs in $200M selloff to Swiss pharma Acino". FiercePharma. Retrieved 2019-10-15.
  42. ^ "MIT School of Engineering and Takeda join to advance research in artificial intelligence and health". MIT News | Massachusetts Institute of Technology. Retrieved 2020-11-13.
  43. ^ analytica, TOKYO (2020-01-07). "武田薬品とMITがAI研究を推進するプログラムを発表 | 医療とAIのニュース・最新記事 - The Medical AI Times". The AI Times (in Japanese). Retrieved 2020-11-13.
  44. ^ "MIT, Takeda collaborate on new healthcare AI applications". Healthcare IT News. 2020-01-06. Retrieved 2020-11-13.
  45. ^ "Takeda Agrees to Divest Select OTC and Non-Core Assets in Latin America to Hypera Pharma for $825 Million USD". BioSpace. Retrieved 2020-03-03.
  46. ^ "Takeda to Acquire Maverick Therapeutics to Advance T-Cell Engager Therapies for Solid Tumors and Expand Novel Immuno-Oncology Portfolio". BioSpace.
  47. ^ "Novartis to buy Takeda's eyedrop unit for $5.3bn". Nikkei Asian Review. Retrieved 2020-06-12.
  48. ^ Jump up to: a b "Takeda continues post-Shire selloff, inching closer to $10B goal". Endpoints News. Retrieved 2020-06-12.
  49. ^ "Takeda sells Russian assets in $660m deal to cut Shire debt". Nikkei Asian Review. Retrieved 2020-06-12.
  50. ^ "Takeda sells 18 drugs to South Korea's Celltrion in $278m deal". Nikkei Asian Review. Retrieved 2020-06-12.
  51. ^ "BRIEF-Takeda Pharmaceutical Enters Into Agreement To Divest Portfolio Of Select Non-Core OTC And Prescription Pharmaceutical Products". Reuters. 2020-06-11. Retrieved 2020-06-12.
  52. ^ Releases, Business Wire News (2020-06-11). "Takeda to Divest OTC and Select Non-core Assets in Asia Pacific to Celltrion for up to $278 Million USD | Financial Post". Retrieved 2020-06-12.
  53. ^ "Takeda Agrees to Pay $2.4 Billion to Settle Suits Over Cancer Risk of Actos". The New York Times. 29 April 2015.
  54. ^ Feeley, Jef; Matsuyama, Kanoko (9 April 2014). "Takeda, Lilly Jury Awards $9 Billion Over Actos Risks". bloomberg.com.
  55. ^ "Japan's Takeda Agrees To $2.4B Settlement In Diabetes Drug Actos Lawsuit Over Cancer Risk Allegations". 29 April 2015.

External links[]

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