Nov. 4 (Bloomberg) -- Takeda Pharmaceutical Co., the Japanese drugmaker that bought Swiss rival Nycomed in September, cut its full-year profit forecast by 32 percent on costs related to the 9.6 billion euro ($13.3 billion) takeover and foreign exchange fluctuations.
Net income will drop 31 percent to 170 billion yen ($2.2 billion) in the 12 months ending March 2012 from a year earlier, instead of the 250 billion yen forecast in July, Takeda said in a statement today. The Osaka-based drugmaker is expected to earn 255 billion yen, according to the average five analyst estimates compiled by Bloomberg in the past four weeks.
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