Japan's Takeda Pharmaceutical posted first-quarter profit that beat analysts' estimates, citing solid sales of mainstay drugs and the launch of new products including its dengue fever vaccine.
posted first-quarter profit that beat analysts' estimates, citing solid sales of mainstay drugs and the launch of new products including its dengue fever vaccine.
Operating profit rose 12% from a year earlier to 168.6 billion yen in the three months through June 30, the drugmaker said. That compared with an average forecast of 150.7 billion yen from six analysts polled by Refinitiv. Japan's biggest pharmaceutical company in May said profit would likely decline this fiscal year as it loses sales exclusivity for its blood pressure drug Azilva in Japan and its hyperactivity drug Vyvanse in the United States.drug from U.S.-based Nimbus Therapeutics for as much as $6 billion, marking its first major purchase since its $59 billion takeover of Shire Plc in 2019.
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