Takeda working on coronavirus drug, says to make announcement on Wednesday

Takeda working on coronavirus drug, says to make announcement on Wednesday

FILE PHOTO: A Takeda logo is seen in its research hub in Cambridge

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TOKYO (Reuters) - Takeda Pharmaceutical Co said on Wednesday it is working on a drug that is aimed at treating people infected with the coronavirus.

Japanese drug maker will make an announcement on this on Wednesday, a Takeda spokeswoman said, without elaborating.

Takeda is trying to develop a drug to treat people infected with the novel coronavirus or at high risk of contracting it, the Wall Street Journal reported earlier in the day.

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The company's experimental drug would be derived from the blood of coronavirus patients who have recovered from the respiratory disease, the paper said, citing company officials.

(Reporting by Junko Fujita; Editing by Himani Sarkar)

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