{"id":390082,"date":"2020-11-30T18:03:05","date_gmt":"2020-11-30T23:03:05","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=390082"},"modified":"2020-11-30T18:03:05","modified_gmt":"2020-11-30T23:03:05","slug":"takeda-completes-sale-of-select-otc-and-non-core-assets-to-celltrion-in-asia-pacific","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/takeda-completes-sale-of-select-otc-and-non-core-assets-to-celltrion-in-asia-pacific\/","title":{"rendered":"Takeda Completes Sale of Select OTC and Non-Core Assets to Celltrion in Asia Pacific"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Takeda Completes Sale of Select OTC and Non-Core Assets to Celltrion in Asia Pacific<\/b><\/p>\n<p><b><i>&#8211; Further sharpens Takeda\u2019s focus on \u2018fast tracking\u2019 patient access to highly innovative medicines for complex and rare diseases in Asia Pacific and the Emerging Markets<\/i><\/b><\/p>\n<p>OSAKA, Japan&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nTakeda Pharmaceutical Company Limited (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.takeda.com%2Finvestors%2F&amp;esheet=52339694&amp;newsitemid=20201130005972&amp;lan=en-US&amp;anchor=TSE%3A4502%2FNYSE%3ATAK&amp;index=1&amp;md5=b1a220069aae67c59bb2243292efe0fd\">TSE:4502\/NYSE:TAK<\/a>) (\u201cTakeda\u201d) today announced the completion of its previously-announced sale of a portfolio of select products to Celltrion Inc. (\u201cCelltrion\u201d) for a total value of $278 million USD inclusive of milestone payments. The portfolio includes 18 pharmaceutical products and over-the-counter (OTC) products sold in Asia Pacific, which is part of Takeda\u2019s Growth &amp; Emerging Markets Business Unit. <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.takeda.com%2Fnewsroom%2Fnewsreleases%2F2020%2Ftakeda-to-divest-otc-and-select-non-core-assets-in-asia-pacific-to-celltrion-for-up-to-%24278-million-usd%2F&amp;esheet=52339694&amp;newsitemid=20201130005972&amp;lan=en-US&amp;anchor=This+divestment+agreement+was+first+announced+in+June+2020.&amp;index=2&amp;md5=0fd5517a4620b241178fc4936e4a5dd7\">This divestment agreement was first announced in June 2020.<\/a><\/p>\n<p>\nThe divested portfolio includes pharmaceutical products and OTC products in the Cardiovascular, Diabetes and General Medicine therapeutic areas, sold in Australia, Hong Kong, Macau, Malaysia, Philippines, Singapore, South Korea, Taiwan and Thailand. The products, while addressing key patient needs in these countries and territories, are outside of the business areas Takeda has chosen as core to its global long-term growth. As part of the deal, Takeda will continue to manufacture the portfolio of divested products and supply them to Celltrion under a manufacturing and supply agreement.\n<\/p>\n<p>\nTakeda intends to use the proceeds from the sale to reduce its debt and accelerate deleveraging towards its target of 2x net debt\/adjusted EBITDA within Fiscal Years 2021\u20132023.\n<\/p>\n<p>\nTakeda has exceeded its $10 billion non-core asset divestiture target and has announced 10 deals since January 2019 to date for a total aggregate value of up to ~$11.3 billion, including agreements to divest:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nTakeda Consumer Healthcare Company Limited to Oscar A-Co KK, a company controlled by funds managed by The Blackstone Group Inc. and its affiliates for a\u202ftotal value of approximately JPY 242.0 billion ($2.3 billion USD).\n<\/li>\n<li>\nOther non-core portfolio assets within the Growth &amp; Emerging Markets Business Unit, totaling ~$1.7 billion* with three separate buyers.\n<\/li>\n<li>\nSelect OTC and non-core assets in Europe to Orifarm for approximately $670 million.\n<\/li>\n<li>\nNon-core assets in Europe and Canada to Cheplapharm for approximately $562 million.\n<\/li>\n<li>\nThe TachoSil Fibrin Sealant Patch to Corza Health, Inc. for approximately \u20ac350 million.\n<\/li>\n<\/ul>\n<p>\nTransactions still pending are expected to close by March 31, 2021, subject to customary legal and regulatory closing conditions.\n<\/p>\n<p>\n* <i>Including an agreement for $825 million with Hypera S.A. for select non-core products in Latin America which remains subject to close.<\/i><\/p>\n<p><b>About Takeda Pharmaceutical Company Limited<\/b><\/p>\n<p>\nTakeda Pharmaceutical Company Limited (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.takeda.com%2Finvestors%2F&amp;esheet=52339694&amp;newsitemid=20201130005972&amp;lan=en-US&amp;anchor=TSE%3A4502%2FNYSE%3ATAK&amp;index=3&amp;md5=81a995415244de2ad48922f063c2c52c\">TSE:4502\/NYSE:TAK<\/a>) is a global, values-based, R&amp;D-driven biopharmaceutical leader headquartered in Japan, committed to bringing Better Health and a Brighter Future to patients by translating science into highly-innovative medicines. Takeda focuses its R&amp;D efforts on four therapeutic areas: Oncology, Rare Diseases, Neuroscience, and Gastroenterology (GI). We also make targeted R&amp;D investments in Plasma-Derived Therapies and Vaccines. We are focusing on developing highly innovative medicines that contribute to making a difference in people&#8217;s lives by advancing the frontier of new treatment options and leveraging our enhanced collaborative R&amp;D engine and capabilities to create a robust, modality-diverse pipeline. Our employees are committed to improving quality of life for patients and to working with our partners in health care in approximately 80 countries.\n<\/p>\n<p>\nFor more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.takeda.com%2F&amp;esheet=52339694&amp;newsitemid=20201130005972&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.takeda.com&amp;index=4&amp;md5=173a6ab949689c08283824ffb2ee527c\">https:\/\/www.takeda.com<\/a>.\n<\/p>\n<p><b>Important Notice<\/b><\/p>\n<p>\nFor the purposes of this notice, \u201cpress release\u201d means this document, any oral presentation, any question and answer session and any written or oral material discussed or distributed by Takeda Pharmaceutical Company Limited (\u201c<b>Takeda<\/b>\u201d) regarding this release. This press release (including any oral briefing and any question-and-answer in connection with it) is not intended to, and does not constitute, represent or form part of any offer, invitation or solicitation of any offer to purchase, otherwise acquire, subscribe for, exchange, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction. No shares or other securities are being offered to the public by means of this press release. No offering of securities shall be made in the United States except pursuant to registration under the U.S. Securities Act of 1933, as amended, or an exemption therefrom. This press release is being given (together with any further information which may be provided to the recipient) on the condition that it is for use by the recipient for information purposes only (and not for the evaluation of any investment, acquisition, disposal or any other transaction). Any failure to comply with these restrictions may constitute a violation of applicable securities laws.\n<\/p>\n<p>\nThe companies in which Takeda directly and indirectly owns investments are separate entities. In this press release, \u201cTakeda\u201d is sometimes used for convenience where references are made to Takeda and its subsidiaries in general. Likewise, the words \u201cwe\u201d, \u201cus\u201d and \u201cour\u201d are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release and any materials distributed in connection with this press release may contain forward-looking statements, beliefs or opinions regarding Takeda\u2019s future business, future position and results of operations, including estimates, forecasts, targets and plans for Takeda. Without limitation, forward-looking statements often include words such as \u201ctargets\u201d, \u201cplans\u201d, \u201cbelieves\u201d, \u201chopes\u201d, \u201ccontinues\u201d, \u201cexpects\u201d, \u201caims\u201d, \u201cintends\u201d, \u201censures\u201d, \u201cwill\u201d, \u201cmay\u201d, \u201cshould\u201d, \u201cwould\u201d, \u201ccould\u201d \u201canticipates\u201d, \u201cestimates\u201d, \u201cprojects\u201d or similar expressions or the negative thereof. These forward-looking statements are based on assumptions about many important factors, including the following, which could cause actual results to differ materially from those expressed or implied by the forward-looking statements: the economic circumstances surrounding Takeda\u2019s global business, including general economic conditions in Japan and the United States; competitive pressures and developments; changes to applicable laws and regulations; the success of or failure of product development programs; decisions of regulatory authorities and the timing thereof; fluctuations in interest and currency exchange rates; claims or concerns regarding the safety or efficacy of marketed products or product candidates; the impact of health crises, like the novel coronavirus pandemic, on Takeda and its customers and suppliers, including foreign governments in countries in which Takeda operates, or on other facets of its business; the timing and impact of post-merger integration efforts with acquired companies; the ability to divest assets that are not core to Takeda\u2019s operations and the timing of any such divestment(s); and other factors identified in Takeda\u2019s most recent Annual Report on Form 20-F and Takeda\u2019s other reports filed with the U.S. Securities and Exchange Commission, available on Takeda\u2019s website at: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.takeda.com%2Finvestors%2Freports%2Fsec-filings%2F&amp;esheet=52339694&amp;newsitemid=20201130005972&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.takeda.com%2Finvestors%2Freports%2Fsec-filings%2F&amp;index=5&amp;md5=5bc4b4d1d27e97ae19ee6e891bb67313\">https:\/\/www.takeda.com\/investors\/reports\/sec-filings\/<\/a> or at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov%2F&amp;esheet=52339694&amp;newsitemid=20201130005972&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=6&amp;md5=47074819667e14cdd0f1548fe9f783fb\">www.sec.gov<\/a>. Takeda does not undertake to update any of the forward-looking statements contained in this press release or any other forward-looking statements it may make, except as required by law or stock exchange rule. Past performance is not an indicator of future results and the results or statements of Takeda in this press release may not be indicative of, and are not an estimate, forecast, guarantee or projection of Takeda\u2019s future results.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201130005972r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201130005972\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201130005972\/en\/<\/a><\/span><\/p>\n<p><b>Japanese Media<br \/>\n<\/b><br \/>Kazumi Kobayashi<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:kazumi.kobayashi@takeda.com\">kazumi.kobayashi@takeda.com<br \/>\n<\/a><br \/>+81 (0) 3-3278-2095\n<\/p>\n<p><b>Media outside Japan<br \/>\n<\/b><br \/>Justine Grosvenor<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:justine.grosvenor@takeda.com\">justine.grosvenor@takeda.com<br \/>\n<\/a><br \/>+1 872 226 6701\n<\/p>\n<p><b>Investor Relations Contact:<br \/>\n<\/b><br \/>Christopher O\u2019Reilly<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:takeda.ir.contact@takeda.com\">takeda.ir.contact@takeda.com<br \/>\n<\/a><br \/>+81 (0) 3-3278-2306\n<\/p>\n<p><b>KEYWORDS:<\/b> Australia\/Oceania South America Japan North America Asia Pacific Europe<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Health Diabetes Other Health General Health Pharmaceutical Cardiology Biotechnology<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Takeda Completes Sale of Select OTC and Non-Core Assets to Celltrion in Asia Pacific &#8211; Further sharpens Takeda\u2019s focus on \u2018fast tracking\u2019 patient access to highly innovative medicines for complex and rare diseases in Asia Pacific and the Emerging Markets OSAKA, Japan&#8211;(BUSINESS WIRE)&#8211; Takeda Pharmaceutical Company Limited (TSE:4502\/NYSE:TAK) (\u201cTakeda\u201d) today announced the completion of its previously-announced sale of a portfolio of select products to Celltrion Inc. (\u201cCelltrion\u201d) for a total value of $278 million USD inclusive of milestone payments. The portfolio includes 18 pharmaceutical products and over-the-counter (OTC) products sold in Asia Pacific, which is part of Takeda\u2019s Growth &amp; Emerging Markets Business Unit. This divestment agreement was first announced in June 2020. The divested portfolio includes pharmaceutical products and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/takeda-completes-sale-of-select-otc-and-non-core-assets-to-celltrion-in-asia-pacific\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Takeda Completes Sale of Select OTC and Non-Core Assets to Celltrion in Asia Pacific&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-390082","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Takeda Completes Sale of Select OTC and Non-Core Assets to Celltrion in Asia Pacific - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/takeda-completes-sale-of-select-otc-and-non-core-assets-to-celltrion-in-asia-pacific\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Takeda Completes Sale of Select OTC and Non-Core Assets to Celltrion in Asia Pacific - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Takeda Completes Sale of Select OTC and Non-Core Assets to Celltrion in Asia Pacific &#8211; Further sharpens Takeda\u2019s focus on \u2018fast tracking\u2019 patient access to highly innovative medicines for complex and rare diseases in Asia Pacific and the Emerging Markets OSAKA, Japan&#8211;(BUSINESS WIRE)&#8211; Takeda Pharmaceutical Company Limited (TSE:4502\/NYSE:TAK) (\u201cTakeda\u201d) today announced the completion of its previously-announced sale of a portfolio of select products to Celltrion Inc. (\u201cCelltrion\u201d) for a total value of $278 million USD inclusive of milestone payments. The portfolio includes 18 pharmaceutical products and over-the-counter (OTC) products sold in Asia Pacific, which is part of Takeda\u2019s Growth &amp; Emerging Markets Business Unit. This divestment agreement was first announced in June 2020. The divested portfolio includes pharmaceutical products and &hellip; Continue reading &quot;Takeda Completes Sale of Select OTC and Non-Core Assets to Celltrion in Asia Pacific&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/takeda-completes-sale-of-select-otc-and-non-core-assets-to-celltrion-in-asia-pacific\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-30T23:03:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201130005972r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/takeda-completes-sale-of-select-otc-and-non-core-assets-to-celltrion-in-asia-pacific\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/takeda-completes-sale-of-select-otc-and-non-core-assets-to-celltrion-in-asia-pacific\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Takeda Completes Sale of Select OTC and Non-Core Assets to Celltrion in Asia Pacific\",\"datePublished\":\"2020-11-30T23:03:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/takeda-completes-sale-of-select-otc-and-non-core-assets-to-celltrion-in-asia-pacific\\\/\"},\"wordCount\":1246,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/takeda-completes-sale-of-select-otc-and-non-core-assets-to-celltrion-in-asia-pacific\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20201130005972r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/takeda-completes-sale-of-select-otc-and-non-core-assets-to-celltrion-in-asia-pacific\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/takeda-completes-sale-of-select-otc-and-non-core-assets-to-celltrion-in-asia-pacific\\\/\",\"name\":\"Takeda Completes Sale of Select OTC and Non-Core Assets to Celltrion in Asia Pacific - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/takeda-completes-sale-of-select-otc-and-non-core-assets-to-celltrion-in-asia-pacific\/","og_locale":"en_US","og_type":"article","og_title":"Takeda Completes Sale of Select OTC and Non-Core Assets to Celltrion in Asia Pacific - Market Newsdesk","og_description":"Takeda Completes Sale of Select OTC and Non-Core Assets to Celltrion in Asia Pacific &#8211; Further sharpens Takeda\u2019s focus on \u2018fast tracking\u2019 patient access to highly innovative medicines for complex and rare diseases in Asia Pacific and the Emerging Markets OSAKA, Japan&#8211;(BUSINESS WIRE)&#8211; Takeda Pharmaceutical Company Limited (TSE:4502\/NYSE:TAK) (\u201cTakeda\u201d) today announced the completion of its previously-announced sale of a portfolio of select products to Celltrion Inc. (\u201cCelltrion\u201d) for a total value of $278 million USD inclusive of milestone payments. The portfolio includes 18 pharmaceutical products and over-the-counter (OTC) products sold in Asia Pacific, which is part of Takeda\u2019s Growth &amp; Emerging Markets Business Unit. This divestment agreement was first announced in June 2020. 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