By Razak Musah Baba

 

LONDON--AstraZeneca PLC's (AZN.LN) lung cancer drug Tagrisso has been granted full approval by the U.S. Food and Drug Administration.

AstraZeneca said Friday that the FDA has granted approval for Tagrisso (osimertinib) 80 milligram once-daily tablets, for the treatment of patients with metastatic epidermal growth factor receptor T790M mutation-positive non-small cell lung cancer.

Tagrisso is the first and only approved medicine in the U.S.

Also Friday, the biopharmaceutical said it has completed the agreement with TerSera Therapeutics LLC for the commercial rights to Zoladex in the U.S. and Canada.

In February AstraZeneca announced a deal giving TerSera commercial rights to its prostate cancer treatment Zoladex in the U.S. and Canada.

AstraZeneca said Friday it has received a payment of $250 million from TerSera for the commercial rights to the medicine.

 

Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

 

(END) Dow Jones Newswires

March 31, 2017 02:31 ET (06:31 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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