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Takeda Oncology information


Takeda Oncology
Company typeSubsidiary
IndustryBiotechnology, Pharmaceutical Company
Founded1993
DefunctN/A
HeadquartersCambridge, MA, United States
Key people
Christophe Bianchi, President
ProductsVelcade (bortezomib) for injection
Number of employees
1200 (approx.)
ParentTakeda Pharmaceutical Company
Websitewww.takedaoncology.com

Takeda Oncology (originally Millennium Pharmaceuticals) is a biopharmaceutical company based in Cambridge, Massachusetts. It is a fully owned subsidiary of Takeda Pharmaceutical.

Takeda Oncology's research, development and commercialization activities focused in two therapeutic areas: oncology and inflammation to develop a line of new product candidates. It was one of the first companies to systematically search for genes linked to disease,[1] although none of the drugs which it is marketing or has in clinical trial, with one partial exception, have been the results of that research.[1]

It is particularly known for bringing bortezomib (marketed as Velcade) through clinical trials to approval for treatment of patients with multiple myeloma by the U.S. FDA, but has a growing clinical development pipeline of other product candidates.

On May 14, 2008, Japanese company Takeda Pharmaceutical announced the completion of its acquisition of Millennium for US$25.00 per share in cash—a deal worth $8.8 billion. Takeda completed the acquisition through a tender offer and subsequent merger as a wholly owned subsidiary Millennium: The Takeda Oncology Company - with the name being simplified to Takeda Oncology in 2013.

  1. ^ a b Pollack, Andrew (2005-06-29). "Shift Seen Atop Takeda Oncology". New York Times. Retrieved 2008-02-23.

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