Takeda's Ariad Acquisition Doesn't Move the Meter on Our Valuation
Takeda's pending acquisition of Ariad Pharmaceuticals looks like a strong strategic fit with the firm's oncology portfolio, but we're wary of the peak sales potential of key pipeline drug brigatinib and are not planning any major changes to our Takeda fair value estimate of JPY 4,728. We continue to think that Takeda's cost of capital remains quite close to ROICs, and we do not assign the firm a moat.Ariad brings global rights to two key oncology drugs, which could help Takeda offset the hit f...
Takeda Pharmaceutical is a public company incorporated in Japan. Co. and its subsidiaries is a global pharmaceutical group and is engaged in the research, development, manufacturing and marketing of pharmaceutical products, over-the-counter (“OTC”) medicines and quasi-drug consumer products, and other healthcare products. Co.'s principal pharmaceutical products include medicines in the following therapeutic areas: gastroenterology, oncology and neuroscience.
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