Navigation Links
Takeda, Abbott Announce Plans to Conclude TAP Joint Venture
Date:3/19/2008

Companies to Evenly Divide Value of TAP

OSAKA, Japan, and ABBOTT PARK, Ill., March 19 /PRNewswire-FirstCall/ -- Takeda Pharmaceutical Company Limited and Abbott have entered into an agreement to conclude their TAP Pharmaceutical Products Inc. (TAP) joint venture. The companies expect the transaction to close within 30-60 days.

Under terms of the agreement, the companies will evenly divide the value of the joint venture. Abbott receives rights to the oncology treatment, Lupron, including the commercial organization supporting that franchise, and will receive payments based on TAP's other current and certain future products. Takeda receives the rights to the product Prevacid, all the remaining TAP commercial and support organizations, and the rights to TAP's pipeline.

Abbott expects the transaction to be neutral to 2008 earnings per share. Takeda expects that this agreement will have no impact to its consolidated financial results for the current fiscal year.

The TAP joint venture was created by Takeda and Abbott in 1977 and has been one of the most successful joint ventures in the history of American business. In 2007, TAP had revenues of $3.1 billion from its two currently marketed products, Prevacid and Lupron. Additionally, TAP has two new drug applications under review at the U.S. Food and Drug Administration (FDA).

"I want to take this opportunity to thank our partners at Abbott and the many people who helped make TAP a successful company in its more than 30 years of existence," said Yasuchika Hasegawa, president, Takeda Pharmaceutical Company Limited. "With this agreement Takeda combines two successful organizations and creates a top 15 pharmaceutical company with more than 5,000 employees in the United States. This size and talent base creates a tremendous platform for continued growth in the world's largest pharmaceutical market, which plays a significant role in Takeda's ongoing global growth."

"
'/>"/>

SOURCE Abbott; Takeda Pharmaceutical Company Limited
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine news :

1. Abbott to Present at Bear Stearns Healthcare Conference
2. The National Center for Missing & Exploited Children, Wal-Mart, and Abbott Host Child Safety Events
3. Dow Jones Sustainability Index Again Recognizes Abbott for Continued Leadership in Business, Environmental and Social Performance
4. Abbott Declares 335th Consecutive Quarterly Dividend
5. Abbott Again Honored as Top Company for Working Moms
6. Abbotts HUMIRA(R) (adalimumab) Honored With Prestigious Galen Prize for Innovation in Patient Care
7. Abbott Hosts Conference Call for Third-Quarter Earnings
8. Abbott Broadens Use of i-STAT Handheld Blood Analyzer with CLIA Waiver Granted by FDA for CHEM8+ Test Cartridge
9. Abbott Named One of the Best Companies for Hispanics by Hispanic Business Magazine
10. Abbott Again Honored as a Leader in Diversity
11. Abbott Researchers Target Neuronal Nicotinic Receptors for Treatment of Pain and Cognition
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/29/2015)... ... 29, 2015 , ... Potomac Pilates, an elite Washington, D.C. metro area-based Pilates ... Reformer ® by Potomac Pilates. On Thursday, July 30, Potomac Pilates will unveil ... by Potomac Pilates will continue to offer the same classes and personal experiences their ...
(Date:7/29/2015)... ... July 29, 2015 , ... ... Parents, educators and service providers of children living with autism will converge upon ... the growing demographic. , The National Autism Conference will be held Aug. ...
(Date:7/29/2015)... ... July 29, 2015 , ... The NCCA re-accredited ... period, expiring November 30, 2019, during its recent meeting. , The Commission received ... the program’s compliance with the NCCA’s Standards for the Accreditation of Certification Programs. ...
(Date:7/29/2015)... FL (PRWEB) , ... July 29, 2015 , ... According ... patients suffering from drug or alcohol addiction and mental health disorders. Acu-detox may begin ... of treating patients recovering from drug and alcohol addiction. Although acupuncture is not a ...
(Date:7/29/2015)... (PRWEB) , ... July 29, 2015 , ... Orthopedic surgeons ... now offer the Rotation Medical Rotator Cuff System, a new implant to treat a ... is designed to foster natural regeneration of additional tendon tissue, which could allow for ...
Breaking Medicine News(10 mins):Health News:Same Great Pilates Studio, New Brand - Rock the Reformer 2Health News:Penn State Conference to Address Instruction, Success for Children with Autism 2Health News:Commission for Case Manager Certification Receives Re-Accreditation of its CCM® credential from the National Commission for Certifying Agencies (NCCA) 2Health News:Commission for Case Manager Certification Receives Re-Accreditation of its CCM® credential from the National Commission for Certifying Agencies (NCCA) 3Health News:Miami Drug Rehab Introduces Acupuncture to Line of Holistic Healing for Addiction 2Health News:Miami Drug Rehab Introduces Acupuncture to Line of Holistic Healing for Addiction 3Health News:Lourdes Orthopedics First in NJ to Offer Bioinductive Implant for Rotator Cuff Repair 2Health News:Lourdes Orthopedics First in NJ to Offer Bioinductive Implant for Rotator Cuff Repair 3
... over same period in Fiscal 2008 -, ... unless otherwise noted),BELLEVILLE, ON, Feb. 6 /PRNewswire-FirstCall/ - ... technology-driven Canadian biopharmaceutical company, today announced financial results ... year, ending December 31, 2008. , "We have ...
... the first to make a connection between a rare, hereditary ... The study results point to possible therapeutic targets for smoking-related ... is lost in Werner,s syndrome is decreased in smokers with ... wounds. The findings appear in the Feb. 6 issue of ...
... - WuXi PharmaTech (Cayman) Inc.,(NYSE: WX ), ... outsourcing company with operations in China and the,United States, ... Zhao to,the WuXi PharmaTech Board of Directors. , ... Dr. Ge Li, WuXi,s Chairman ...
... Stater Bros. has raised over $1.9 million in the ... Bros. is once again partnering with the American Heart ... Heart Month, to help fight heart disease and stroke. ... "Have A Heart, Save A Heart" campaign to raise ...
... Bite Cases Doubled in 2008 , ... Baltimore, MD (Vocus) February 5, ... cases handled by its Emergency Response Center in 2008. This has experts ... possibility that travelers might contract the deadly rabies virus from rabid wild ...
... mark 1st official measure of unemployment rate facing Americans ... Department of Labor will, for the first time, release ... Friday, Feb. 6. This information will assist the ... Americans with disabilities. Although it is widely believed ...
Cached Medicine News:Health News:Bioniche Reports Fiscal 2009 Second Quarter 2Health News:Bioniche Reports Fiscal 2009 Second Quarter 3Health News:Bioniche Reports Fiscal 2009 Second Quarter 4Health News:Bioniche Reports Fiscal 2009 Second Quarter 5Health News:Bioniche Reports Fiscal 2009 Second Quarter 6Health News:Bioniche Reports Fiscal 2009 Second Quarter 7Health News:Bioniche Reports Fiscal 2009 Second Quarter 8Health News:Bioniche Reports Fiscal 2009 Second Quarter 9Health News:Effects of smoking linked to accelerated aging protein 2Health News:WuXi PharmaTech Appoints Stewart Hen and Ning Zhao to Its Board of Directors; Tao Lin Leaves Board 2Health News:WuXi PharmaTech Appoints Stewart Hen and Ning Zhao to Its Board of Directors; Tao Lin Leaves Board 3Health News:Stater Bros. Campaigns to Fight Heart Disease and Stroke... At All Stater Bros. Supermarket Locations 2Health News:MEDEX Global Group Cautions: Beware of Rabies When Abroad 2Health News:U.S. Labor Department to begin new monthly data series on people with disabilities from Current Population Survey on Feb. 6 2
(Date:7/29/2015)... RICHMOND, Calif. , July 29, 2015 ... that the company will release its second quarter 2015 ... 5, 2015. The press release will be followed by ... be open to the public via telephone and webcast. ... quarter,s financial results and discuss other business matters. ...
(Date:7/29/2015)... July 29, 2015 The U.S. Food and ... called the ReShape Integrated Dual Balloon System, that may ... for people with obesity and one or more obesity-related ... Bariatric Surgery (ASMBS), the nation,s largest organization for bariatric ... after careful review the FDA has approved this new ...
(Date:7/29/2015)... July 29, 2015 According to ... by Product, Diagnostic (PSG, Pulse Oximeter), Therapeutic [CPAP, APAP, ... Device)], End User (Home Care Settings, Hospitals) - Analysis ... report studies the global Sleep Apnea Devices Market for ... is expected to reach $5.3 Billion by 2020 from ...
Breaking Medicine Technology:Sangamo BioSciences Announces Second Quarter 2015 Conference Call and Webcast 2American Society for Metabolic and Bariatric Surgery Views New Balloon Device For Obesity As Bridge Between Medications And Bariatric Surgery 2American Society for Metabolic and Bariatric Surgery Views New Balloon Device For Obesity As Bridge Between Medications And Bariatric Surgery 3Sleep Apnea Devices Market Worth $5.3 Billion by 2020 2Sleep Apnea Devices Market Worth $5.3 Billion by 2020 3Sleep Apnea Devices Market Worth $5.3 Billion by 2020 4
... 2011 Informex , the leading meeting place for ... of applications, today announced projections that 2011 will be a ... the brand,s flagship event, InformexUSA (February 7-10, Charlotte, NC). Exhibitor ... new exhibitors joining the show. On the registrations side, year ...
... 2011 Reportlinker.com announces that a new ... catalogue: Dental Implants and ... and Market Forecasts to 2016 ... Implants and Biomaterials - Global Pipeline Analysis, ...
Cached Medicine Technology:InformexUSA 2011 Projects Record Attendance 2InformexUSA 2011 Projects Record Attendance 3Reportlinker Adds Dental Implants and Biomaterials - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016 2Reportlinker Adds Dental Implants and Biomaterials - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016 3
... This lightweight orthosis is designed to ... thumb while holding the hand in a ... formulated orthopedic grade thermoplastic whose unique characteristics ... The orthosis provides rigid cast-like immobilization of ...
... wrist orthotic designed to limit the extension and flexion ... , ,Indications: , Wrist reconstruction , ... , Coles fracture - distal radius , ... , ORIF - Open reduction and internal ...
Singe-pull lace design provides easy-on application to provide support and immobilization of the wrist while preserving finger mobility...
Provides wrist stability with moderate motion restriction, making it ideal for the workplace...
Medicine Products: