76.6 F
New York
Thursday, July 29, 2021

Takeda [NYSE: TAK] Decides To Sell Japanese Consumer Health Unit For $2.3B

Must read

Digital Realty [NYSE: DLR] Considering Developing 64 MW Facility in South Korea

Digital Realty Trust, Inc. has shown its intention to build the 64-megawatt facility in Seoul, South Korea. The firm has decided that the...

Why Shares of IZEA Worldwide [NASDAQ: IZEA] Skyrocketing Today?

Shares of IZEA Worldwide, Inc. surged 8.10% at the time of writing on Wednesday. The strong performance of the firm has highlighted the...

BIT Mining [NYSE: BTCM] Ink Purchase Agreement to Buy Bitcoin Mining Machine

BIT Mining Limited has inked a purchase agreement to increase the fleet of bitcoin mining machines. As per the new purchase agreement, the...

Dyadic International [NASDAQ: DYAI] Inks Licensing Agreement with the Rubic Consortium

Dyadic International, Inc. disclosed that it has inked a COVID-19 vaccine technology transfer and licensing agreement with the Rubic Consortium. It has been...

Takeda Pharmaceutical Company Limited [NYSE: TAK] has decided to sell its Japanese Consumer Health Unit to US investment fund Blackstone Group for $2.3 billion.

Blackstone Group is one of the world-leading investment firm. Its experience in the health care sector is high. The deal is expected to close by March 31, 2021.

Shares of Takeda Pharmaceutical has dropped 0.37% or down -0.07 cents during the trading of Friday. It has earlier opened at 18.86 and has a closing price of $18.84.

Takeda has a day low range of $18.74 a high range of $18.91. It has a trading volume of 826.72K as compared to the average volume of 1.07 million.

TAK has a 52-weeks low range of $12.43 and a day high range of $20.92. It has moved up 51.57% from its 52-weeks low and moved down-9.96% from its 52-weeks low. Takeda has a total market capitalization of 59.40 billion.

The portfolio which is to be sold to Blackstone includes a variety of over-the-counter (OTC) medicines and health products that generated total revenues of over 60 billion in the fiscal year.

TCHC’s strong regional brands include Alinamin, its top-selling product and Japan’s first vitamin B1 preparation, and Benza, a cold remedy. Blackstone aims to pursue its business with current TCHC management.

Takeda has laid the foundation of TCHC in April 2017 to further grow the consumer health care business in Japan. Now its aim is to focus on highly innovative medicines across its five key business areas.

More articles

Latest article

Binance, FTX Cut Leverage Limits on Crypto Futures Trading to 20x

Two major cryptocurrency trading platforms Binance Futures and FTX disclosed on Monday that they both have made a remarkable decision related to the crypto...

TD Holdings [NASDAQ: GLG] Inks Letter of Intent with Guangdong Jinbochuang

TD Holdings, Inc. has inked a letter of intent (LOI) with Guangdong Jinbochuang Special Purpose Vehicle Co., Ltd. and (Jinbochuang) and Hunan Jinmeike...

ASGN [NYSE: ASGN] Acquire IndraSoft Inc

ASGN Incorporated disclosed that it has acquired IndraSoft Inc. IndraSoft Inc has gained recognition as a prominent cybersecurity and digital transformation solutions offeror...

Link Reservations Decides to Accept Bitcoin/Crypto Payments

Link Reservations Inc disclosed Friday that it has decided to start accepting Bitcoin and cryptocurrency payments. This is the major breakthrough for the firm...

Athene [NYSE: ATH] Announces Acquisition of Foundation Home Loans

Athene Holding Ltd. disclosed on Thursday that it has inked a definitive agreement to purchase Foundation Home Loans (FHL). FHL had a £3...

Ping [NYSE: PING] and Anexinet Announces Partnership

Ping Identity Holding Corp. and Anexinet Corporation have both entered into a partnership agreement. The collaboration will integrate Ping Identity’s centralized Identity Access...

Digital Realty [NYSE: DLR] and Brookfield Announces Joint Venture

Digital Realty Trust, Inc.   and Brookfield Infrastructure Partners L.P. and its institutional partners disclosed on Wednesday that they have launched a 50/50 joint...

Red Cat [NASDAQ: RCAT] Announces Acquisition of Teal Drones

Red Cat Holdings, Inc. has inked an agreement on Tuesday to buy Teal Drones in an all-stock transaction. This acquisition will add Teal...