Takeda to ride opening-up for bigger share in Chinese market


FILE PHOTO: A Takeda logo is seen in its research hub in Cambridge, Massachusetts, U.S., November 26, 2018. REUTERS/Julie Steenhuysen

BEIJING: Bullish on China’s innovation-driven biopharmaceutical environment, Takeda Pharmaceutical Co vows to further enlarge its investment in China, a top official of the Japanese drugmaker said.

Takeda plans to raise its revenue growth in emerging markets to account for one-fifth of its projected total by fiscal year 2031, up from the current roughly 13%, said Ricardo Marek, president of Takeda’s growth and emerging markets business unit.

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