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Health News

Japan's Takeda to import 50 million doses of Moderna's COVID-19 vaccine, raises profit forecast

FILE PHOTO: Takeda Pharmaceutical Co's logo is seen at its new headquarters in Tokyo, Japan, July 2, 2018. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) - Japan's Takeda Pharmaceutical Co 4502.T said on Thursday it would import and distribute 50 million doses of Moderna Inc's novel coronavirus vaccine candidate.

Takeda will be responsible for securing regulatory approval for the vaccine, known as mRNA-1273, with supply starting in the first half of 2021, Takeda said in a release.

The companies were previously in talks to supply 40 million or more doses of the vaccine in Japan.

Moderna’s candidate is in late-stage trials in the United States. Takeda has also agreed to produce Novavax Inc’s novel coronavirus vaccine, aiming to make 250 million doses for use in Japan.

The announcement came on the heels of Takeda’s mid-year results, which saw it raise its full-year operating profit forecast by 10% to 434 billion yen, citing one-time gains from divestitures.

Reporting by Rocky Swift; Editing by Shri Navaratnam

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