April 25, 2018 / 11:50 AM / a month ago

GSK rules out entering Shire takeover battle

LONDON (Reuters) - GlaxoSmithKline’s (GSK.L) chief executive said on Wednesday she had no interest in acquiring Shire (SHP.L), the London-listed rare diseases specialist that Takeda Pharmaceutical (4502.T) hopes to buy for some $64 billion (46 billion pounds).

Emma Walmsley, speaking to reporters after first-quarter results, said the British drugmaker’s focus was on deals to acquire early-stage experimental drugs that would help rebuild the company’s pharmaceuticals pipeline.

    Reporting by Ben Hirschler; editing by Jason Neely

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