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Takeda Pharmaceutical (TOKYO:4502) Underlying Revenue +4.2% led by Growth Drivers, with growth in every region. As quoted in the press release: Underlying Revenue was solid at +4.2%, with continued strong momentum from Takeda’s Growth Drivers (Gastroenterology, Oncology, Neuroscience and Emerging Markets), which grew +9.8%. Key growth products Entyvio (+33.1%) and Ninlaro (+38.0%) were important contributors to …
Takeda Pharmaceutical (TOKYO:4502) Underlying Revenue +4.2% led by Growth Drivers, with growth in every region.
As quoted in the press release:
Underlying Revenue was solid at +4.2%, with continued strong momentum from Takeda’s Growth Drivers (Gastroenterology, Oncology, Neuroscience and Emerging Markets), which grew +9.8%.
Key growth products Entyvio (+33.1%) and Ninlaro (+38.0%) were important contributors to revenue, as were the products acquired from Ariad in 2017. Every region achieved positive growth versus prior year (U.S. +9.2%, Japan +4.1%, Europe & Canada +4.3%, Emerging Markets +2.4%).Reported revenue decreased -0.1%. Although our Growth Drivers remained strong, there was a negative impact from foreign exchange rates (-1.0pp) and divestitures (-3.2pp). The divestiture impact included the sale of additional products to the Teva JV in FY2017, and Multilab and Techpool in FY2018.