So Takeda wants to do up to $20B in M&A? Welcome to the bidding war for US biotechs
Over the past few months Takeda has unveiled an R&D overhaul that includes a concentration in key US and Japanese hubs and a decision to cut and transfer 300 staffers to a CRO. Now the Financial Times reports that the big Japanese pharma company is plotting to spend anywhere from $10 billion to $15 billion or $20 billion on new buyouts—specifically focusing on the US.
Quoting sources who have been briefed on the not-so-secret mission, the FT says that this is part of a surge of interest that Japanese pharma companies like Astellas and Shionogi have shown recently in joining the M&A game. Takeda may split its cash pot into several deals, or go for one big one.
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