Takeda Pharmaceutical has signed an agreement to divest its 51.34% stake in Chinese biopharmaceutical joint venture (JV) Guangdong Techpool Bio-Pharma (Techpool) for $280m.

The stake is being acquired by Takeda’s current Techpool JV partner Shanghai Pharmaceutical and a fund managed by SFund International Investment Fund Management.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The JV focuses on the research, discovery and marketing of urinary protein biopharmaceuticals and for critical care.

Its portfolio of medicines includes Roan, Kallikrein and Kailikang. Roan is used for treating acute and chronic pancreatitis, Kallikrein for mid-moderate acute thrombotic cerebral infarction, while Kailikang is used to treat cerebrovascular disease.

“Takeda is committed to China and will continue to strive to keep patients at the centre of everything we do, both locally and across the globe.”

Techpool will retain the management of all three medicines and continue to own and manage existing operations and assets, including its Guangzhou manufacturing facility and current employees.

Takeda China president and Takeda Greater China area head Sean Shan said: “This agreement provides Takeda with an even greater focus to continue to meet the unmet needs of patients in China, and maintain our position as ‘best-in-class’ in our global therapeutic areas of focus, especially gastroenterology and oncology.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Takeda is committed to China and will continue to strive to keep patients at the centre of everything we do, both locally and across the globe.”

Shan believes that this divestment to existing JV partners will prevent any impact on the supply of Techpool’s medicines to patients.

After the completion of the deal, Guangzhou Industrial Investment Fund Management is set to buy 49% of Takeda’s stake, of which 51% will be purchased by Shanghai Pharma.

This will raise Shanghai Pharma’s stake in Techpool from approximately 41% to 67%.

Shanghai Pharma chairman Zhou Jun said: “This acquisition marks a strategic milestone for Shanghai Pharma in developing into a branded pharmaceutical manufacturer, and in building a first-class, domestic marketing organisation.”