Takeda to buy out Abbott in U.S. joint venture, source says

03/19/2008 | Bloomberg1 · Reuters

Japanese drugmaker Takeda Pharmaceutical Co. Ltd. is reportedly trying to buy Abbott Laboratories' 50% stake in their U.S. venture for $5 billion. The companies declined to comment on the rumored buyout, which would have Takeda taking over TAP Pharmaceutical Products, but with Abbott getting the venture's prostate cancer division and the rights to some of Takeda's drug candidates.

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Bloomberg1 · Reuters

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