{"id":9176,"date":"2024-02-02T09:19:00","date_gmt":"2024-02-02T01:19:00","guid":{"rendered":"https:\/\/flcube.com\/?p=9176"},"modified":"2024-10-24T09:22:02","modified_gmt":"2024-10-24T01:22:02","slug":"takeda-reports-flat-9-month-revenue-growth-amid-pipeline-optimization-efforts","status":"publish","type":"post","link":"https:\/\/flcube.com\/?p=9176","title":{"rendered":"Takeda Reports Flat 9-Month Revenue Growth Amid Pipeline Optimization Efforts"},"content":{"rendered":"\n

Takeda (TYO: 4502<\/a>), a leading Japanese pharmaceutical company, has released its financial results for the 9-month period ended December 31, 2023, reporting a revenue of JPY 3.2 trillion (USD 21.9 billion) with a 0.0% growth at constant exchange rates (CER). The company’s performance was impacted by declines in oncology, neuroscience, and other areas, with drops of 2.2%, 5.8%, and 28.3% respectively, which were not fully compensated by increases in rare diseases, gastrointestinal and inflammation, and immunology, which rose by 3.3%, 3.6%, and 16.2% respectively.<\/p>\n\n\n\n

During this period, Takeda’s blockbuster drugs included Entyvio (vedolizumab) for autoimmune diseases at JPY 619.3 billion (USD 4.2 billion), plasma-derived immunoglobulin at JPY 485.7 billion (USD 3.3 billion), and the central nervous system (CNS) stimulant Vyvanse\/Elvanse (lisdexamfetamine dimesylate) at JPY 312.9 billion (USD 2.1 billion).<\/p>\n\n\n\n

Geographically, Takeda’s revenue shrank by 12.3%, 1.8%, and 16.9% to JPY 342.6 billion, JPY 1.7 trillion, and JPY 45.4 billion in Japan, the US, and Russia\/CIS respectively. However, the company saw growth in Europe and Canada with a 4.7% increase to JPY 721.5 billion, an 8.9% increase in Asia ex-Japan to JPY 188.8 billion, and a 15.2% increase in Latin America to JPY 138.4 billion.<\/p>\n\n\n\n

The financial report also detailed project discontinuations between April and December 2023, including late-stage failures such as niraparib in breast cancer, mobocertinib in non-small cell lung cancer (NSCLC), darvadstrocel in Crohn\u2019s disease-related perianal fistulas, and TAK-577 as von Willebrand disease prophylaxis. Phase II candidates that were culled included TAK-611 in metachromatic leukodystrophy, TAK-041 in major depressive disorder (MDD)-associated anhedonia, TAK-071 in Parkinson\u2019s disease, and modakafusp alfa in multiple myeloma (MM). Early-stage programs that were terminated included TAK-105 in nausea and vomiting, TAK-920 in Alzheimer\u2019s disease, TAK-426 as a Zika virus vaccine, as well as modakafusp alfa, TAK-102, TAK-103, and TAK-940 in solid tumors.<\/p>\n\n\n\n

These discontinuations reflect Takeda’s strategic focus on optimizing its pipeline and allocating resources to the most promising candidates, despite the challenges faced in advancing certain programs.- Flcube.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Takeda (TYO: 4502), a leading Japanese pharmaceutical company, has released its financial results for the…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAownpewDA:productID":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[7,11],"tags":[16,20,27,622,1141,12],"class_list":["post-9176","post","type-post","status-publish","format-standard","hentry","category-company","category-drug","tag-cancer","tag-finance","tag-finanical-reports","tag-gastroenterology","tag-tyo-4502","tag-vaccine"],"yoast_head":"\nTakeda Reports Flat 9-Month Revenue Growth Amid Pipeline Optimization Efforts - Insight, China's Pharmaceutical Industry<\/title>\n<meta name=\"description\" content=\"Takeda (TYO: 4502), a leading Japanese pharmaceutical company, has released its financial results for the 9-month period ended December 31, 2023, reporting a revenue of JPY 3.2 trillion (USD 21.9 billion) with a 0.0% growth at constant exchange rates (CER). 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