(Reuters) - Takeda, Japan's eighth-biggest company with a market value of around $57.3 billion, forecast net profit would climb to 380 billion yen in the year to end-March 2008 from 335.8 billion yen in 2006/07. The forecast is higher than a consensus for 373 billion yen from 19 analysts polled by Reuters Estimates.
With four patents on important products set to expire from 2010/11, Takeda needs to build up its pipeline and has earmarked $10 billion for major investments, including acquisitions.
Read more at Reuters.com Market News
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