UPDATE 1-Takeda Pharma reports five-fold increase in full-year profit
Reuters
1 day ago
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TOKYO, May 11 (Reuters) - Takeda Pharmaceutical Co on Tuesday reported a five-fold increase in full-year operating profit versus the previous year, driven by sales of its Entyvio colitis treatment and other mainstay drugs.
Operating profit for Japan's largest drugmaker in the year to end March came in at 509 billion yen ($4.68 billion).
That compares with its own earlier estimate of 434 billion yen and a consensus estimate of 567 billion yen from a Refinitiv poll of 14 analysts.
Takeda is importing Moderna Inc's COVID-19 vaccine into Japan and on Monday said that interim results of clinical trials have been positive.