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Takeda Pharmaceutical posts second quarter net loss
Takeda Pharmaceutical posts second quarter net loss
Updated October 26, 2023 at 4:44 a.m. ET
Takeda Pharmaceutical reported a net loss in the second quarter due to impairment losses on certain products and reduced its net profit forecast for the year ending March 2024.
The Japanese pharmaceutical maker announced Thursday that it posted a net loss of 48.0 billion yen ($319.5 million) for the quarter ended September 30. This compares to the estimated net income of 70.41 billion yen according to a survey of analysts by Quick and net income. of 61.7 billion yuan during the previous year period.
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