Deals
Takeda to Buy Multilab to Gain Sales Network in Brazil
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Takeda Pharmaceutical Co., Asia’s largest drugmaker, agreed to buy closely held Multilab Industria e Comercio de Productos Farmaceuticos Ltda. for 500 million reais ($246 million) to gain a sales network in Brazil.
Multilab’s owners, Genesio Cervo and Rejane Gobbi, will get as much as 40 million reais in additional milestone payments later from Osaka, Japan-based Takeda, the two companies said in a statement today, without disclosing more details. The purchase by Takeda’s wholly owned Brazilian unit will put the Japanese company among the top 10 drugmakers in South America’s biggest economy, according to the statement.