Exclusive: EU regulators to clear $62 billion Takeda, Shire deal - source

Exclusive: EU regulators to clear $62 billion Takeda, Shire deal - source
Shire branding is seen outside their offices in Dublin, Ireland, April 25, 2018. REUTERS/Clodagh Kilcoyne Copyright CLODAGH KILCOYNE(Reuters)
Copyright CLODAGH KILCOYNE(Reuters)
By Reuters
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BRUSSELS (Reuters) - EU antitrust regulators are set to approve Japanese drugmaker Takeda Pharmaceutical's <4502.T> $62-billion (47.70 billion pounds) offer for London peer Shire on condition that Shire sells a drug it has in development, a person familiar with the matter said on Friday.

Last month, Takeda offered to divest Shire's pipeline compound SHP647 along with some associated rights after the European Commission voiced concerns about the overlap with its own drug for inflammatory bowel disease.

(Reporting by Foo Yun Chee)

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