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Company type | Subsidiary |
---|---|
NYSE: BXLT | |
Industry | Biotechnology |
Founded | 2015Baxter International) | (Spun off from
Fate | Acquired by Shire |
Headquarters | |
Key people | Ludwig N. Hantson (president and CEO) |
Products | Hematology, Immunology, Pulmonology |
Number of employees | 16,000 [1] |
Parent | Takeda Pharmaceutical Company |
Website | www![]() |
Baxalta (Bax from the name of its former parent company; alta a Latin adjective meaning 'high' or 'profound' [2] ) is a biopharmaceutical company founded on 1 July 2015 after its parent company, Baxter International, spun off biopharmaceutical division. [1] The company began its operation with a revenue of $6 billion, [3] and is now a subsidiary of Takeda Pharmaceutical Company.
Baxalta inherited all of its parent company's on-the-market treatments, focused on hemophilia, The company aimed to launch 20 in-development projects by 2020, heaping $2.5 billion in annual sales. Before being spun off, Baxalta acquired SuppreMol (a German company) for US$225 million. [4] Baxalta also acquired the blockbuster leukemia drug Oncaspar from Sigma-Tau Finanziaria S.p.A. for US$900 million. [1] [5]
In August 2015, Shire Plc made an unsolicited $30.6 billion stock offer for the company [6] [7] increasing the Baxalta share price over 16%. Baxalta investors would be set to receive 0.1687 of Shire's American Depositary Receipts for every share they hold, representing a premium of 36%, compared to the company's stock price on August 3. [8] This deal would create the largest global biotech company focused solely on rare diseases. [8]
In 2016 the company was acquired by Shire for $32 billion. [9] Subsequently, Shire was acquired by Takeda Pharmaceutical Company for $62 billion in January 2019. [10] [11]
The Takeda Pharmaceutical Company Limited is a Japanese multinational pharmaceutical company. It is the third largest pharmaceutical company in Asia, behind Sinopharm and Shanghai Pharmaceuticals, and one of the top 20 largest pharmaceutical companies in the world by revenue. The company has over 49,578 employees worldwide and achieved US$19.299 billion in revenue during the 2018 fiscal year. The company is focused on oncology, rare diseases, neuroscience, gastroenterology, plasma-derived therapies and vaccines. Its headquarters is located in Chuo-ku, Osaka, and it has an office in Nihonbashi, Chuo, Tokyo. In January 2012, Fortune Magazine ranked the Takeda Oncology Company as one of the 100 best companies to work for in the United States. As of 2015, Christophe Weber was appointed as the CEO and president of Takeda.
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