Business briefs: Takeda, Stryker

Share this article:

Takeda scored an approvals hat-trick Friday with the FDA's Friday approval of the active ingredient alogliptin (AKA Nesina) as a stand-alone treatment for type 2 diabetes—as well as alogliptin-metformin combination Kazano and alogliptin-pioglitazone combo Oseni.

Stryker is solidifying its Asian footprint. The Michigan device maker announced this month that it is buying out Asia-based Trauson Holdings for $764 million in cash. The firms have been working together since 2007. “The acquisition of Trauson is a critical step toward broadening our presence in China and developing a value segment platform for the emerging markets,” Stryker President and CEO Kevin Lobo said in a statement. The announcement also noted that Trauson is a major competitor. The deal is expected to close by the end of the second quarter.
Share this article:

Email Newsletters

More in Business Briefs

Penn and Teller give take on vaccines

The Las Vegas twosome give the anti-vaccination movement their signature treatment.

GSK allegations build in Jordan and Lebanon

GlaxoSmithKline says it is investigating allegations of employee misconduct. The company said in a statement that the allegations have numbers "very similar to those reported by other companies in our sector."

Generic Celebrex is coming

Pfizer and Teva's settlement puts generic Celebrex on the market by December.