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Takeda Pharmaceutical Company Ltd
Drug Names(s): TAK-202, plozalizumab
Description: MLN1202 blocks the CCR2 chemokine receptor found on the surface of monocytes and some T cells.
Deal Structure: MLN1202 was originally developed by Millennium.
In April 2008, Takeda Pharmaceutical and Millennium Pharmaceuticals announced that they entered into a definitive agreement pursuant to which Takeda will acquire Millennium for approximately $8.8 billion through a cash tender offer of $25.00 per share. The acquisition closed in May 2008.
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