Takeda Pharmaceutical
About
BioSpace: Your Premier Portal for Life Science News and Opportunities Welcome to BioSpace, the central hub of news, insights, and opportunities in the life science industry. We offer an essential conduit between innovative organizations and skilled professionals who are passionate about enhancing health standards and quality of life on a worldwide scale.
At BioSpace, we prompt the seamless networking of progressive enterprises and dynamic professionals, serving as the nexus of ground-breaking ideas, transformative advancements, and comprehensive resources in the life science sphere. Our aim is to foster connections that fuel prosperity while pushing boundaries in the global health and life science sector.
Connecting Talent and Opportunities BioSpace, established in 1985 as a catalog of life science institutions, has metamorphosed into one of the leading platforms in life sciences, catering to millions within the global life science community. What stands us apart is our robust connection with more than two-thirds of the U.S. life science workforce, fostering an ever-growing list of subscribers, and welcoming thousands of fresh site registrations every month.
Empowering Decisions through Insights and Tools Our proprietary resources are deployed to aid companies in making well-informed decisions regarding their workforce. We enable organizations to interact with our community through various engagement channels. Be it through webinars, podcasts, email communications, featured articles, advertisements, or job postings, we assist in enhancing thought leadership, branding and recruitment marketing strategies.
Cross-Border Team and Global Reach Depicting our global nature, our dedicated team is spread across the United States, Canada, and beyond. Although BioSpace is a small privately-owned concern, we have a headquarters bustling with activity located in Des Moines, Iowa.
Meet Our Team Our diverse and dynamic team features enthusiastic individual contributors, seasoned executives, and creative disruptors, all committed to providing valuable resources and unparalleled service to our community. BioSpace is more than a digital hub; we are a collaborative community dedicated to empowering innovation and talent within the life science sphere. Explore BioSpace Dive into a plethora of content, insights, and opportunities on BioSpace.
Check out the latest news, thought-provoking insights, exciting job opportunities, career advice, productive webinars, and interactive podcasts. We also offer comprehensive company insights, special features on top start-ups to watch, and a compilation of best places to work. Join the BioSpace community today and gain access to the world of life science innovation and opportunities right at your fingertips.
BioSpace: Empowering Connections, Cultivating Innovation © 1985 - 2024 BioSpace.com. All rights reserved. Let’s connect on Twitter, Instagram, Facebook, and LinkedIn.
Growth
Takeda is an established enterprise that operates globally due to its status as a multinational Japanese company specializing in biopharmaceuticals. The company is experiencing a financial contraction after a decrease in its profit margins in the 2023 fiscal year. The concurrent forecast predicts a continued profit decrease due to the expiration of patent protections and the subsequent generic competition, mainly for its ADHD medicine Vyvanse.
Achievements
For the 2023 fiscal year, Takeda reported a modest rise in annual revenue, reaching a total of $27 billion, a 1.5% increase compared to its 2023 fiscal year revenue of $25.8 billion. This growth notwithstanding, net profit for the year dropped to $925 million, a 57% decrease from about $2 billion during the 2023 fiscal year. The operating profit also fell by 50.3%, from $3.15 billion to $1.37 billion in the fiscal year 2023.
Case Studies
Two case studies make a significant mark in Takeda's recent history. Firstly, the company's Crohn's disease stem cell therapy Alofisel did not pass its Phase III ADMIRE-CD II study, rendering it unable to improve 24-week combined remission in patients with complex Crohn's perianal fistulas significantly. As a result, Takeda decided against filing for regulatory approval in the U.S. Secondly, Takeda withdrew Exkivitiy globally after it failed the confirmatory Phase III EXCLAIM-2 study. The upcoming pipeline lineup that Takeda anticipates to compensate for Vyvanse's expiring exclusivity includes launching a Phase III trial of tyrosine kinase 2 inhibitor zasocitinib in psoriatic arthritis patients and a head-to-head study with BMS’s Sotyktu in psoriasis patients.
Key Events
One of Takeda's strategies to mitigate its losses due to Vyvanse's lack of exclusivity is the implementation of an 'enterprise-wide efficiency program' from 2024, which is projected to cost nearly $900 million. This initiative is part of a larger strategy to optimize the company's operations and promote financially efficient tactics.
Socials
Website
Founded
1994
Operating Status
Active
Industry
biotechnology
headquarters
730 Stockton Drive, Downingtown, Pennsylvania, United States, 19335, Downingtown United States
Address
Country
Japan
Employees
500
Key People
Revenue
['US$ 100M - US$ 500M']
Operating Income
Stock Price
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Takeda Pharmaceutical
-
Website
-
Founded
1994
-
Industry
biotechnology
-
Headquarters
730 Stockton Drive, Downingtown, Pennsylvania, United States, 19335, Downingtown United States
-
Country
Japan
-
Number of employees
500+
-
Revenue
['US$ 100M - US$ 500M']
About Takeda Pharmaceutical
BioSpace: Your Premier Portal for Life Science News and Opportunities Welcome to BioSpace, the central hub of news, insights, and opportunities in the life science industry. We offer an essential conduit between innovative organizations and skilled professionals who are passionate about enhancing health standards and quality of life on a worldwide scale.
At BioSpace, we prompt the seamless networking of progressive enterprises and dynamic professionals, serving as the nexus of ground-breaking ideas, transformative advancements, and comprehensive resources in the life science sphere. Our aim is to foster connections that fuel prosperity while pushing boundaries in the global health and life science sector.
Connecting Talent and Opportunities BioSpace, established in 1985 as a catalog of life science institutions, has metamorphosed into one of the leading platforms in life sciences, catering to millions within the global life science community. What stands us apart is our robust connection with more than two-thirds of the U.S. life science workforce, fostering an ever-growing list of subscribers, and welcoming thousands of fresh site registrations every month.
Empowering Decisions through Insights and Tools Our proprietary resources are deployed to aid companies in making well-informed decisions regarding their workforce. We enable organizations to interact with our community through various engagement channels. Be it through webinars, podcasts, email communications, featured articles, advertisements, or job postings, we assist in enhancing thought leadership, branding and recruitment marketing strategies.
Cross-Border Team and Global Reach Depicting our global nature, our dedicated team is spread across the United States, Canada, and beyond. Although BioSpace is a small privately-owned concern, we have a headquarters bustling with activity located in Des Moines, Iowa.
Meet Our Team Our diverse and dynamic team features enthusiastic individual contributors, seasoned executives, and creative disruptors, all committed to providing valuable resources and unparalleled service to our community. BioSpace is more than a digital hub; we are a collaborative community dedicated to empowering innovation and talent within the life science sphere. Explore BioSpace Dive into a plethora of content, insights, and opportunities on BioSpace.
Check out the latest news, thought-provoking insights, exciting job opportunities, career advice, productive webinars, and interactive podcasts. We also offer comprehensive company insights, special features on top start-ups to watch, and a compilation of best places to work. Join the BioSpace community today and gain access to the world of life science innovation and opportunities right at your fingertips.
BioSpace: Empowering Connections, Cultivating Innovation © 1985 - 2024 BioSpace.com. All rights reserved. Let’s connect on Twitter, Instagram, Facebook, and LinkedIn.
Why Setting Up a Virtual Delivery Center (VDC) Is Critical for Your Company’s Success
Achieving business success in today’s competitive landscape requires specialized expertise, seamless operations, and continuous innovation. Establishing a Virtual Delivery Center (VDC) can transform your company’s growth journey by ensuring efficiency, scalability, and long-term value.
Why Choose a VDC for Your Company?
1. Cost Optimization:
Save up to 70% on operational costs by leveraging remote teams and streamlined processes.
2. Expert Access:
Gain instant access to highly skilled professionals, ensuring faster and smoother project execution.
3. Scalable Teams:
Scale your team as business needs evolve, from initial project setup to long-term support.
4. Accelerated Timelines:
Leverage 24/7 global teams to reduce project delays and speed up implementation.
5. Continuous Support:
Ensure uninterrupted business performance with ongoing maintenance and updates.
Unlock Business Success with a VDC By establishing a VDC, your company can overcome operational challenges, achieve seamless system integration, and maximize ROI. Stay ahead in today’s dynamic market with a future-ready business strategy powered by a Virtual Delivery Center. Learn More About Us
Book A Meeting To Setup Your VDC
