Takeda Reports Strong First Quarter FY2019 Results and Raises Guidance for the Full Year

Takeda Reports Strong First Quarter FY2019 Results and Raises Guidance for the Full Year

Takeda Reports Strong First Quarter FY2019 Results and Raises Guidance for the Full Year

Takeda Pharmaceutical Company Limited (TOKYO:4502)(NYSE:TAK): Underlying Revenue declined -0.8% vs FY2018 Q1 pro-forma revenue[1] · Takeda’s 14 global brands, with an aggregate revenue of 270.2 billion yen posted strong year-over-year growth of +22%. This growth mostly offset the negative impact from intensified competition, phasing, and generic erosion. · Takeda’s 5 key business areas represent ~78% of revenues. GI grew +8% spearheaded by ENTYVIO continuing to gain market share. ...