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Takeda Pharmaceutical completes Shire acquisition

Published 01/08/2019, 03:11 AM
Updated 01/08/2019, 03:11 AM
© Reuters.  Takeda Pharmaceutical completes Shire acquisition
  • The rapidly changing pharmaceutical landscape reached another milestone today as Takeda (NYSE:TAK) became a top 10 global drugmaker by completing its $62B acquisition of Shire (NASDAQ:SHPG).
  • A flurry of multibillion-dollar pharma deals is happening as traditional companies turn to acquisitions to replenish their drug pipelines and combat expiring patents.
  • Already in 2019, Eli Lilly (NYSE:LLY) agreed to buy Loxo Oncology for $8B, just days after Bristol-Myers Squibb (NYSE:BMY) scooped up Celgene (NASDAQ:CELG) for $74B.
  • Now read: An Easy Way To Arbitrage Profits: The GDL Fund


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