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Takeda eyes vaccine business growth as dengue, COVID-19 shots progress - CEO

By Rocky Swift TOKYO (Reuters) - Takeda Pharmaceutical Co, which distributes Moderna (NASDAQ:MRNA) Inc's COVID-19 shots in Japan, expects vaccines to become a bigger part of its...
Takeda eyes vaccine business growth as dengue, COVID-19 shots progress - CEO © Reuters. FILE PHOTO: Takeda Pharmaceutical Co's logo is seen at its new headquarters in Tokyo, Japan, July 2, 2018. REUTERS/Kim Kyung-Hoon

By Rocky Swift

TOKYO (Reuters) - Takeda Pharmaceutical Co, which distributes Moderna (NASDAQ:MRNA) Inc's COVID-19 shots in Japan, expects vaccines to become a bigger part of its portfolio as shots for dengue fever and COVID-19 near regulatory approval, its chief executive said.

Takeda, Japan's biggest drugmaker and among the top 10 globally after its 2019 takeover of Shire Plc (LON:SHP), has traditionally been known more for its cancer and gastrointestinal treatments.

But vaccines have defined much of the company's activities during the coronavirus pandemic, as it worked to bring foreign-developed shots into Japan.

Vaccine production is a business that "when established, has a very long life," Takeda CEO Christophe Weber said in an interview broadcast at Reuters Events' Pharma Japan 2021 conference on Tuesday.

"There is no generic of vaccines, for example. So it's a different type of lifecycle, but it can be a very good business if you bring innovation," he added.

Takeda's dengue fever vaccine was submitted to European regulators in March, and the company said it planned to file for approval in several South American and Asian countries this year. Takeda has been working for almost 10 years on the shot, which is now in the "last stage," Weber said.

The company has imported some 50 million doses of Moderna's COVID-19 vaccine into Japan and has a license to manufacture Novavax (NASDAQ:NVAX) Inc's vaccine, which is still undergoing trials.

Japan's government has agreed to buy another 50 million Moderna shots, to be delivered next year, along with 150 million Novavax doses.

About 1.6 million Moderna doses were recalled in Japan this month after the discovery of small metal contaminants in some vials, a problem traced back to a production line in Spain.

Weber said such problems sometimes occur in pharma manufacturing, brushing off the suggestion it was caused by companies rushing to bring vaccines to market.

With some of its main sellers due to lose patent protection in the coming years, Takeda is betting heavily on a pipeline of more than 10 drugs in late-stage development. One of those, a blood cancer treatment known as Pevonedistat, fell out of the running this month after poor trial results.

"We don't rely on one product in our pipeline, or two, when we have 40 in clinical stage," Weber said.

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28-09-2021 05:44:07 (UTC+7)

EUR/USD

1.1697

+0.0003 (+0.03%)

Summary

Sell

Moving Avg:

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EUR/USD

1.1697

+0.0003 (+0.03%)

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GBP/USD

1.3704

+0.0008 (+0.06%)

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Neutral

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USD/JPY

110.99

-0.01 (-0.01%)

Summary

Neutral

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Buy (5)

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AUD/USD

0.7287

+0.0001 (+0.02%)

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USD/CAD

1.2627

-0.0001 (-0.00%)

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EUR/JPY

129.82

+0.04 (+0.03%)

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EUR/CHF

1.0827

+0.0004 (+0.04%)

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Gold Futures

1,750.75

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Silver Futures

22.637

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Copper Futures

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Crude Oil WTI Futures

75.42

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Brent Oil Futures

78.62

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Natural Gas Futures

5.912

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US Coffee C Futures

194.98

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Euro Stoxx 50

4,165.48

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S&P 500

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15,573.88

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24,208.78

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US Small Cap 2000

2,281.79

+33.71 (+1.50%)

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IBEX 35

9,002.90

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BASF SE NA O.N.

64.740

+1.040 (+1.63%)

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Bayer AG NA

47.47

+0.99 (+2.13%)

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Allianz SE VNA O.N.

196.19

+3.85 (+2.00%)

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Adidas AG

278.80

-2.77 (-0.98%)

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Deutsche Lufthansa AG

6.561

+0.328 (+5.26%)

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Siemens AG Class N

147.27

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11.120

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 EUR/USD1.1697Sell
 GBP/USD1.3704Neutral
 USD/JPY110.99Neutral
 AUD/USD0.7287↑ Sell
 USD/CAD1.2627Neutral
 EUR/JPY129.82Neutral
 EUR/CHF1.0827↑ Sell
 Gold1,750.75↑ Buy
 Silver22.637↑ Sell
 Copper4.2785↑ Sell
 Crude Oil WTI75.42↑ Sell
 Brent Oil78.62↑ Buy
 Natural Gas5.912Neutral
 US Coffee C194.98↑ Buy
 Euro Stoxx 504,165.48↑ Sell
 S&P 5004,443.11↑ Sell
 DAX15,573.88↑ Sell
 FTSE 1007,063.40↑ Sell
 Hang Seng24,208.78↑ Buy
 Small Cap 20002,281.79↑ Sell
 IBEX 359,002.90Buy
 BASF64.740↑ Sell
 Bayer47.47↑ Buy
 Allianz196.19↑ Buy
 Adidas278.80↑ Sell
 Lufthansa6.561↑ Buy
 Siemens AG147.27↑ Sell
 Deutsche Bank AG11.120↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,665/ 5,715
(0/ 0) # 900
SJC HCM5,635/ 5,700
(0/ 0) # 885
SJC Hanoi5,635/ 5,702
(0/ 0) # 887
SJC Danang5,635/ 5,702
(0/ 0) # 887
SJC Nhatrang5,635/ 5,702
(0/ 0) # 887
SJC Cantho5,635/ 5,702
(0/ 0) # 887
Cập nhật 28-09-2021 05:44:09
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ↀ Giá vàng thế giới
$1,751.05+1.550.09%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2204022480
RON 95-II,III2194022370
E5 RON 92-II2071021120
DO 0.05S1658016910
DO 0,001S-V1693017260
Dầu hỏa1564015950
ↂ Giá dầu thô thế giới
WTI$75.46+0.230.31%
Brent$78.60-0.59-0.76%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.630,0022.860,00
EUR25.993,7727.346,60
GBP30.324,2231.591,18
JPY200,45212,05
KRW16,7520,39
Cập nhật lúc 18:54:42 27/09/2021
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