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Takeda to Acquire Inviragen, Inc.
Date:5/7/2013

the populations that need them around the world.

"This acquisition combines Inviragen's expertise in viral vaccine research and development and our extensive worldwide network of preclinical and clinical collaborators with Takeda's resources, product development expertise, and global reach. Together we are well-positioned to bring these promising vaccine candidates to the market," said Dan Stinchcomb , Ph.D., Inviragen's chief executive officer. "Inviragen is pleased to become a part of a leading pharmaceutical company that is so strongly committed to developing vaccines that can improve public health worldwide."

Beyond the substantial expansion of Takeda's vaccine pipeline, this acquisition will enhance Takeda's core vaccine R&D capabilities with Inviragen's vaccine development center in Singapore, in one of the regions where Inviragen's vaccines will have the greatest impact. "Inviragen has made significant progress in developing key vaccines for emerging infectious diseases in Asia and worldwide, with active support from its international investor base," said Swee–Yeok Chu, CEO & President EDBI, a strategic investment firm headquartered in Singapore and a major Inviragen investor. "Takeda is an excellent partner to bring these important vaccines to the next stage of development."

To preserve continuity and build upon Inviragen's success, Takeda will integrate the Inviragen team into Takeda's Vaccine Business Division. Pending the satisfaction of customary closing conditions, the deal is expected to close in the next few weeks.

Key Strategic Benefits

Takeda expects the acquisition of Inviragen will:

  • Enable Takeda to develop a highly-promising vaccine against dengue, which the World Health Organization calls "the most important mosquito-borne viral diseas
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SOURCE Takeda Pharmaceutical Company Limited
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