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Hasten Closes $322 Million Deal to Distribute Five Takeda Drugs in China

publication date: Mar 31, 2022

Hasten Biopharmaceutic of Hefei City has closed a deal to acquire China distribution rights to five approved prescription diabetes and cardiovascular drugs from Japan’s Takeda Pharma. Hasten is funded by CBC Group, along with Hefei Industry Investment Group and Feidong County of Hefei City. The deal was originally announced last December with a value of $322 million. At the time, CBC was not listed as an investor. Now, CBC says Hasten is part of its global healthcare ecosystem, which aims to provide better care for patients with chronic diseases. Hasten is CBC’s first drug distribution company. More details....

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