Takeda announces oncology and cardiovascular deals

4 August 2017

Japan's largest pharma company, Takeda Pharmaceutical (TSE: 4502), has announced two deals with USA-based biotech firms in as many days.

On Thursday, the company announced the creation of a new development partnership with Cardurion, a recently-launched biotech focused on the development of next-generation therapeutics for the treatment of heart failure and other cardiovascular diseases.

Takeda will jumpstart the new company’s discovery efforts by providing a 12-person cardiovascular research team from a site in Shonan, Japan, including development resources and licenses to a portfolio of preclinical-stage cardiovascular drug programs.

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