Takeda eyes up Shire

Takeda has revealed that it is considering making a move on Shire to add ballast to its core therapeutic areas. The Japanese drugs giant stressed that it has not made an approach to Shire’s board, but is exploring an offer “at a preliminary and exploratory stage”.

Takeda said it believes a deal with Shire would strengthen its oncology, GI and neuroscience offering, as well as accelerate its vision to be a leader in specialised medicines. Also, a merger would balance Takeda’s geographic focus to align with the market opportunity in the US and “drive financial value from a strong combined financial profile”, the firm noted.

In a brief statement, Shire merely confirmed that has not been approached by Takeda and noted there is no certainty that offer will actually be made. It also stressed that Takeda must, by no later than 5.00pm (London time) on 25th April 2018, announce whether it intends to make an official bid for the firm, subject to conditions.

Nevertheless, shares in the British drugmakers leapt more than 25% at one point toward the end of last week, as investors welcomed the prospect of deal, the value of which could apparently exceed $40 billion.