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Why Is Japanese Drugmaker Takeda Pharmaceutical Stock Trading Higher On Wednesday?

Takeda Pharmaceutical Co Ltd (NYSE:TAK) stock is trading higher on Wednesday. Earlier today, the European Commission approved Takeda’s Adzynma (recombinant ADAMTS13) for treating ADAMTS13 deficiency in children and adult patients with congenital thrombotic thrombocytopenic purpura (cTTP). Congenital thrombotic thrombocytopenic purpura, also known as Upshaw-Schulman syndrome, is a rare inherited disorder that affects the blood’s ability to clot properly. This condition leads to the excessive formation of blood clots in small blood vessels throughout the body (a process known as thrombosis), which can cause serious health problems. Adzynma is now the first and only enzyme replacement therapy in the European Union (EU) specifically for the treatment of cTTP. cTTP is an ultra-rare, chronic blood clotting disorder caused ...