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Takeda gets Japanese approval for $62 billion Shire purchase

Takeda Pharmaceutical Co Ltd (4502.T) said on Thursday Japan’s Fair Trade Commission had approved its $62 billion acquisition of Shire Plc (SHP.L), bringing the Japanese firm closer to sealing a deal that will make it a global top 10 drugmaker.

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FILE PHOTO: Takeda Pharmaceutical Co’s logo is seen at its new headquarters in Tokyo, Japan, July 2, 2018. REUTERS/Kim Kyung-Hoon – RC1702FA7D40/File Photo

The deal, which will be the largest overseas purchase by a Japanese company, has already received unconditional clearance from regulators in the United States, Brazil and China.

4502.TTOKYO STOCK EXCHANGE
+43.00(+0.92%)
4502.T
  • 4502.T
  • SHP.L

“Takeda is proud of its Japanese heritage, and we are looking forward to building on this heritage as a combined company to continue delivering highly-innovative medicines that are transformative to patients in Japan and around the world,” Takeda CEO Christophe Weber said in a statement.

Takeda is also waiting for a nod from EU antitrust regulators. They are expected to make a decision by Nov. 6 but can open a four-month long investigation if they have serious concerns.

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Thanasis Chalikias Προβολή όλων

A Product Manager with expertise in pharma marketing and sales operations

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