China JV Exit To Give Takeda More Focus, Cash
Takeda is selling its majority share in China biopharma joint venture Techpool to focus on its key growth areas in this market and raise cash ahead of the Shire acquisition, in a move that will also boost its former partner’s presence in manufacturing and critical care.
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Bharat Serums Takes Shot At Ulinastatin For COVID-19 Respiratory Distress
Private equity-controlled Bharat Serums and Vaccines gets go-ahead in India for COVID-19-related trials with ulinastatin, an existing sepsis therapy for which it is the leading player in the country. Management also outlines how the firm is ensuring business continuity during this challenging phase.
Multinationals Score Three Out Four New China Priority Reviews
Eight drugs from foreign multinationals, including Amgen’s Rapatha, Takeda’s Takecab, Sanofi’s Aubagio and UCB’s Cimzia, are among 12 products awarded priority new drug approval reviews in China under a scheme to speed up approvals and patient access that is also benefiting some domestic players.
Deal Watch: Allergan, Celgene, AstraZeneca Among Biopharmas Advancing Existing Partnerships
Recent deal-making has seen new developments to further existing agreements, including Allergan licensing a depression candidate from the spinout of a company it bought in 2015. Also, updates on deals involving Celgene, AstraZeneca and Daiichi Sankyo.