Takeda Pharmaceutical proposes $62bn acquisition of Shire to expand rare disease capabilities

Takeda Pharmaceutical proposes $62bn acquisition of Shire to expand rare disease capabilities

Takeda Pharmaceutical, a major Japanese pharmaceutical company, has made a $62 billion offer to acquire Shire, an Ireland-based leader in rare disease treatments. This proposal, Takeda’s fourth attempt to purchase Shire, comes after Shire had previously rejected three offers, citing undervaluation of its business and future growth prospects. Escalation in Acquisition Offers The latest bid […]

Allergan announces job cuts as part of cost-reduction strategy

Allergan announces job cuts as part of cost-reduction strategy

Allergan, globally recognized for its Botox cosmetic injections, has revealed plans to eliminate more than 1,000 jobs across its operations. This move is part of a broader cost-cutting measure aimed at restructuring the company’s workforce in response to significant market challenges. The announcement was made through a filing with the U.S. Securities and Exchange Commission. […]