Another Divestment By Takeda, To China’s Hasten For $322m

Japanese major sheds further non-core assets as it continues to focus on innovation and pay down debt following the Shire acquisition.

Takeda HQ
Another Asset Sale By Japan's Takeda • Source: Shutterstock

Takeda Pharmaceutical Co. Ltd. is to shed a portfolio of non-core prescription pharmaceuticals in China, including cardiovascular and metabolism products, to local group Hasten Biopharmaceutic Co., Ltd., in a transaction valued at $322m.

The latest move in a string of 10 strategic divestments following the Japanese firm’s $62bn acquisition of Shire Pharmaceuticals...

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