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Drugmaker Takeda to introduce value-based pricing in Europe

Japanese company to refund Crohn's disease patients with no improvements

Biologics, which require complex manufacturing processes, carry hefty price tags.

TOKYO -- Takeda Pharmaceutical will adopt value-based pricing for expensive biopharmaceuticals starting in Europe, becoming the first Japanese drugmaker to test a method that charges only patients whose conditions have improved and possibly igniting a debate for introduction here. 

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