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Takeda expands into Brazil

Takeda, Japan's largest drug company, has announced it is to establish a commercial subsidiary in Brazil

Takeda, Japan's largest drug company, has announced it is to establish a commercial subsidiary in Brazil.

The new operation, which will be based in Sao Paulo, will import and commercialise Takeda products for the Brazilian market.

This latest expansion by the Japanese company is the twelfth in as many months following the establishment of subsidiaries in Belgium, Canada, Denmark, Ireland, Luxembourg, Mexico, Norway, Portugal, Spain, Sweden and Turkey.

"Combined with Takeda's additional recent expansions, this opportunity will drive Takeda's ability to maximise the potential of our pipeline in Brazil," said Alan MacKenzie, executive vice president international operations, Takeda Pharmaceuticals International.

"Brazil is an important country in the Latin American region for Takeda to ensure we are providing our products where patients need them."

With a population of around 196 million people, Brazil is the largest country in Latin America and accounts for more than 40 per cent of pharmaceutical sales in the region. Pharmaceutical sales in the country are forecast to grow by 8.5 per cent each year until 2013.

2nd December 2009

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