Takeda reportedly purchasing Abbott’s stake in TAP for $5 billion
TOKYO According to a report by the Nikkei business daily, Takeda Pharmaceuticals has agreed to buy out Abbott Laboratories’ stake in their joint venture, TAP, in a deal worth $5 billion.
TAP, whose main product is the heartburn drug Prevacid, had sales of about $1.5 billion in the April-September period last year. Prevacid’s patent will expire next year, although TAP is seeking approval for a modified release version of the drug, which it hopes will fend off generic competition. The company also sells the prostate cancer drug Lupron and the sleeping pill Rozerem.
Takeda plans to merge TAP with wholly-owned firm Takeda Pharmaceuticals North America, it said.
Takeda spokesman Seizo Masuda said the drug maker had made no decision on buying TAP. Abbott declined to comment.
QLT to sell off Aczone following FDA decision
VANCOUVER, Canada QLT has announced that it will proceed with its plan to sell its topical acne treatment Aczone after the Food and Drug Administration removed key blood monitoring requirements for the treatment, according to Reuters.
The company is selling the drug as part of a multi-step process to return it to its core business of treating eye diseases. Recently the company had been delving into acne and prostate cancer treatments.
Already several companies have expressed interest in Aczone and QLT predicts the drug will be sold within the next quarter or two.
Safeway offers Shingles vaccination
PLEASANTON, Calif. Safeway is offering immunization against Shingles, a disease that commonly affects people over 50 or people with compromised immune systems, at 700 pharmacies in the states of Ark., Calif., Colo., Del., Hawaii, Ind., Ill., Mont., Neb., Nev., Ore., Pa., Texas, Va. ,W.Va. and Wash. The vaccine will be provided on a walk-in basis at in-store pharmacies.
“The only way to prevent against contracting this debilitating disease is to get a single shot. By administering vaccines on site, Safeway is making it easy for anyone to protect themselves,” said Dave Fong, Safeway senior vice president of pharmacy. “Receiving a shingles vaccination is as easy as stopping at the pharmacy during your regular shopping trip.”
Safeway also offers full-service adult and adolescent immunization services for the prevention of such ailments as tetanus, hepatitis, pneumococcal, meningococcal and more.