On May 3, 2016 AstraZeneca reported that it has completed the acquisition of the core respiratory business of Takeda Pharmaceutical Company Limited ("Takeda") (Press release, AstraZeneca, MAY 3, 2016, View Source [SID:1234511817]). The agreement, announced in December 2015, includes the expansion of rights to roflumilast (marketed as Daliresp in the US and Daxas in other countries), the only approved oral PDE4 inhibitor for the treatment of chronic obstructive pulmonary disease. AstraZeneca has marketed Daliresp in the US since the acquisition of the rights from Actavis in the first quarter of 2015.

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