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Takeda Pharmaceutical Company (4502) investor relations material
Takeda Pharmaceutical Company Study Update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Study design and methodology
Two pivotal phase III studies (Latitude PsO 3001 and 3002) evaluated zasocitinib, a highly selective oral TYK2 inhibitor, in adults with moderate-to-severe plaque psoriasis, using randomized, double-blind, placebo- and apremilast-controlled designs.
Study 3001 enrolled ~690 patients (3:1:1 zasocitinib:apremilast:placebo); study 3002 enrolled >1,100 patients (2:1:1 ratio), with a randomized withdrawal phase for responders at week 40.
Co-primary endpoints were sPGA 0/1 and PASI 75 at week 16 versus placebo; secondary endpoints included PASI 90, PASI 100, DLQI improvements, and maintenance of response through week 60.
Eligibility required adults with plaque psoriasis for ≥6 months, PASI ≥12, sPGA ≥3, and ≥10% BSA.
Baseline demographics were balanced; about one-third of patients were bio-experienced, with higher BMI and more severe disease in 3002.
Efficacy results
Zasocitinib met both co-primary endpoints and all ranked secondary endpoints in both studies, significantly outperforming placebo and apremilast.
At week 16, sPGA 0/1 was achieved by 71–74% and PASI 75 by 76–77%, compared to 11–13% and ~12% for placebo.
Rapid skin clearance was observed as early as week 4, with early separation from comparators for PASI 75 and sPGA 0/1.
By week 24, up to 69% achieved PASI 90, 49% achieved clear skin (sPGA 0), and 42% achieved PASI 100, with efficacy continuing to improve through week 24.
Quality of life improved rapidly, with up to 60% reporting DLQI 0/1 by week 24.
Durability and withdrawal data
Over 90% of patients continuing zasocitinib at week 40 maintained sPGA 0/1, PASI 75, and PASI 90 through week 60.
Patients switched to placebo lost response slowly; over 50% maintained response 20 weeks after withdrawal, suggesting resilience to missed doses.
- Q1 revenue up 2.1% at CER, margin 31.6%, guidance unchanged despite Vyvanse erosion.4502
Q1 202510 Mar 2026 - Strong revenue and profit growth led to upgraded guidance and a JPY 100B share buyback.4502
Q3 202510 Mar 2026 - Three new drugs advance to launch as digital R&D and pipeline expansion drive future growth.4502
TD Cowen 46th Annual Health Care Conference4 Mar 2026 - TAK-861 showed robust efficacy and safety in NT1, advancing to Phase 3 trials in 2024.4502
Study Update13 Feb 2026 - Net profit rose 2.4% despite revenue decline, with guidance raised and new launches ahead.4502
Q3 20263 Feb 2026 - All proposals passed as management outlined growth, sustainability, and governance priorities.4502
EGM 20243 Feb 2026 - H1 revenue and profit surged, but H2 faces Vyvanse LOE and increased R&D headwinds.4502
Q2 202517 Jan 2026 - Three high-potential launches and a strong pipeline signal a new phase of sustained growth.4502
44th Annual J.P. Morgan Healthcare Conference16 Jan 2026 - Six late-stage assets targeting $10–$20B peak revenue with three pivotal Phase 3 readouts in 2025.4502
Status Update11 Jan 2026
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