Osaka - Takeda Pharmaceutical Company Limited (TSE: 4502/NYSE: TAK) ('Takeda'), today announced it intends to liquidate its fully owned Irish company Shire Pharmaceutical Holdings Ireland Limited.
All investments in subsidiaries owned by Shire Pharmaceutical Holdings Ireland Limited upon entering into liquidation will be transferred to and retained under direct ownership of Takeda Pharmaceutical Company Limited.
The liquidation of Shire Pharmaceutical Holdings Ireland Limited is part of a company-wide legal entity rationalization program, related to the integration of Shire, to help simplify the combined legal entity ownership structure and allow for more efficient income repatriation to Takeda.
Loss from Liquidation and outlook
Although the financial impact resulting from the liquidation is still under review, the impact on the consolidated earnings forecast for FY2019 is expected to be minimal as it was already contemplated in Takeda's previously issued forecast.
Contact:
Takashi Okubo
Tel: +81 3 3278 2306
Email: takeda.ir.contact@takeda.com
About Takeda Pharmaceutical Company Limited
Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) is a global, values-based, R&D-driven biopharmaceutical leader headquartered in Japan, committed to bringing Better Health and a Brighter Future to patients by translating science into highly-innovative medicines. Takeda focuses its R&D efforts on four therapeutic areas: Oncology, Rare Diseases, Neuroscience, and Gastroenterology (GI). We also make targeted R&D investments in Plasma-Derived Therapies and Vaccines. We are focusing on developing highly innovative medicines that contribute to making a difference in people's lives by advancing the frontier of new treatment options and leveraging our enhanced collaborative R&D engine and capabilities to create a robust, modality-diverse pipeline. Our employees are committed to improving quality of life for patients and to working with our partners in health care in approximately 80 countries.
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