Takeda to Acquire Nycomed - Pharmaceutical Technology

Latest Issue
PharmTech

Latest Issue
PharmTech Europe

Takeda to Acquire Nycomed


ePT--the Electronic Newsletter of Pharmaceutical Technology

Takeda Pharmaceutical has agreed to acquire Nycomed, a Swiss pharmaceutical company for €9.6 billion ($13.7 billion), excluding Nycomed’s US dermatology business. The deal is intended to increase Takeda’s presence in European and emerging markets.

Nycomed had overall sales of nearly €3.2 billion ($4.5 billion) in fiscal year 2010, and sales of €2.8 billion ($3.9 billion) when excluding its US dermatology business. It is a privately held Zurich-based pharmaceutical company with prescription and over-the-counter products. The acquisition includes the roflumilast franchise, a treatment for chronic obstructive pulmonary disease, which Takeda expects will be a “major source of revenue growth,” according to a May 19, 2011, Takeda press release. Overall, Takeda expects the acquisition to increase its annual revenue by 30%.

The boards of directors of Takeda and Nycomed have agreed to the transaction, as have the shareholders of Nycomed. The deal is expected to close within 90 to 120 days, subject to antitrust approval. Upon closing, Nycomed will become a subsidiary of Takeda. Nycomed is currently owned by the private-equity group Nordic Capital and other investors.

ADVERTISEMENT

blog comments powered by Disqus
LCGC E-mail Newsletters

Subscribe: Click to learn more about the newsletter
| Weekly
| Monthly
|Monthly
| Weekly

Survey
What role should the US government play in the current Ebola outbreak?
Finance development of drugs to treat/prevent disease.
Oversee medical treatment of patients in the US.
Provide treatment for patients globally.
All of the above.
No government involvement in patient treatment or drug development.
Finance development of drugs to treat/prevent disease.
23%
Oversee medical treatment of patients in the US.
14%
Provide treatment for patients globally.
7%
All of the above.
47%
No government involvement in patient treatment or drug development.
9%
Jim Miller Outsourcing Outlook Jim MillerOutside Looking In
Cynthia Challener, PhD Ingredients Insider Cynthia ChallenerAdvances in Large-Scale Heterocyclic Synthesis
Jill Wechsler Regulatory Watch Jill Wechsler New Era for Generic Drugs
Sean Milmo European Regulatory WatchSean MilmoTackling Drug Shortages
New Congress to Tackle Health Reform, Biomedical Innovation, Tax Policy
Combination Products Challenge Biopharma Manufacturers
Seven Steps to Solving Tabletting and Tooling ProblemsStep 1: Clean
Legislators Urge Added Incentives for Ebola Drug Development
FDA Reorganization to Promote Drug Quality
Source: ePT--the Electronic Newsletter of Pharmaceutical Technology,
Click here