Shares in Japanese drug maker Takeda dropped Friday after a potential rival in its bid to take over Ireland's Shire Pharmaceuticals said it was no longer considering making an offer.
Analysts had raised the prospect of a bidding war between Takeda and Botox-maker Allergan after the global pharma giant said it was also considering making a bid for Shire.
But in a statement late Thursday, Allergan announced it now "does not intend to make an offer for Shire."Takeda was trading down as much as 3.98 percent on Tokyo trade on Friday morning. Around 0100 GMT it was down 2.04 percent at 4,990 yen.
-AFP, Tokyo
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