Did you know?

ChinaBio® Group is a consulting and advisory firm helping life science companies and investors achieve success in China. ChinaBio works with U.S., European and APAC companies and investors seeking partnerships, acquisitions, novel technologies and funding in China.  

Learn more >>

Free Newsletter

Have the latest stories on China's life science industry delivered to your inbox daily or weekly - free!

See preview >>

  Email address:
   

Hasten Bio Pays $322 Million for China Rights to Five Takeda Drugs

publication date: Dec 24, 2020

Hasten Biopharmaceutic will pay $322 million for rights to commercialize five Takeda Pharma's prescription cardiovascular and metabolism products in China. Formed three months ago, Hasten is backed by Ray Capital Management, an investment fund associated with Hefei City, Hasten's headquarters. The Takeda portfolio generated $110 million in China sales last year. Following its $59 billion acquisition of Shire in 2018, Takeda has divested itself of more than $13 billion of assets to improve its balance sheet. The company narrowed its focus to products for gastroenterology, rare diseases, plasma-derived therapies, oncology and neuroscience. More details....

Share this with colleagues:


This article is available for purchase - please click here for details.

Sorry this page is available to subscribers only.
If you're not a subscriber why not subscribe today?

If you are already a subscriber, please login.

If you believe you should have received this message in error, please contact us.


 

To gain access to the members only content click here to subscribe.

You will be given immediate access to premium content on the site.

ChinaBio® News

Greg Scott BIO-Europe Interview
Greg Scott Interviewed at BIO-Europe Spring

How to bring your China assets to China in 8 minutes

Greg Scott Mendelspod Interview
"Mr. Bio in China."
Mendelspod Interview

Multinational pharma held to a higher standard in China

Partner Event
November 2-3, 2023 | Shanghai
November 7-8, 2023 | Digital