Takeda to sell OTC drug business to US private equity firm for $2.37B

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The drugmaker sustained debt when it got Shire, a U.K.-based drugmaker, in 2019, and the sale of its nonprescription drug division is planned to alleviate some of that debt..

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Japan-based Takeda Pharmaceutical will offer its non-prescription drug service to Blackstone Group, a U.S. private equity company, for $2.37 billion, according to the Nikkei Asian Review.

Takeda will focus its management resources on establishing prescription drugs, the business told the Nikkei Asian Review. It prepares to sell an overall of $10 billion in possessions..

Maia Anderson –
Wednesday, August 19th, 2020