LONDON — Shares in Irish drugmaker Shire Plc are up sharply after Japanese rival Takeda said it’s considering a takeover offer.<\/p>\n
Shire’s shares jumped 21 per cent to 37.10 pounds in London. That puts the company’s market value at 33.7 billion pounds ($47.2 billion).<\/p>\n
Takeda said in a statement that buying Shire would enhance its R&D and its reach into the U.S. It said its consideration for a takeover “is at a preliminary and exploratory stage and no approach has been made to the board of Shire.”<\/p>\n
Shire focuses on rare diseases, a field that has become of increasing interest to pharmaceutical companies as established drugs face competition from generic versions.<\/p>\n
Takeda has been expanding overseas to compensate for slowing growth at home. Last year it bought Ariad Pharmaceuticals of Cambridge, Massachussetts.<\/p>\n","protected":false},"excerpt":{"rendered":"
LONDON — Shares in Irish drugmaker Shire Plc are up sharply after Japanese rival Takeda said it’s considering a takeover offer. Shire’s shares jumped 21 per cent to 37.10 pounds in London. That puts the company’s market value at 33.7 billion pounds ($47.2 billion). Takeda said in a statement that buying Shire would enhance its […]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/2505"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=2505"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/2505\/revisions"}],"predecessor-version":[{"id":2506,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/2505\/revisions\/2506"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=2505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=2505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=2505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}