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Takeda to purchase Shire for $62 billion in money and inventory

Takeda Pharmaceutical Co. of Japan is becoming a member of the drug business’s giants with the $62 billion takeover of a lot bigger rival Shire.

Takeda CEO Christophe Weber capped a drawn-out pursuit of the Irish firm with an acquisition he described as transformational that can give Takeda wider attain into the world’s largest drug market and strengthen its world pipeline for profitable medicine that deal with uncommon illnesses.

“The 2 mixed create a wealthy pipeline in all phases — early and late stage, which is essential,” Weber mentioned on a name after the deal was introduced Tuesday. “We’re in momentum and in a robust place.

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