AstraZeneca PLC ASTRAZENECA COMPLETES DIVESTMENT OF CAPRELSA (4580B)
October 07 2015 - 2:00AM
UK Regulatory
TIDMAZN
RNS Number : 4580B
AstraZeneca PLC
07 October 2015
ASTRAZENECA COMPLETES DIVESTMENT OF RARE DISEASE MEDICINE
CAPRELSA
AstraZeneca has announced the global completion of the
divestment of Caprelsa(R) (vandetanib), a rare disease medicine, to
Genzyme, a Sanofi company.
Genzyme made an upfront payment to AstraZeneca of $165 million
to acquire the global rights to sell and develop Caprelsa, and will
make further development and sales milestone payments of up to $135
million. The transaction does not include the transfer of any
AstraZeneca employees or facilities.
The divestment reinforces AstraZeneca's strategic focus on its
three main therapy areas. As an asset divestment, the upfront
receipt and any subsequent payments for the agreement will be
reported in Other Operating Income in the Company's financial
statements. The transaction does not impact AstraZeneca's financial
guidance for 2015.
About AstraZeneca
AstraZeneca is a global, innovation-driven biopharmaceutical
business that focuses on the discovery, development and
commercialisation of prescription medicines, primarily for the
treatment of cardiovascular, metabolic, respiratory, inflammation,
autoimmune, oncology, infection and neuroscience diseases.
AstraZeneca operates in over 100 countries and its innovative
medicines are used by millions of patients worldwide. For more
information please visit: www.astrazeneca.com
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Key: RIA - Respiratory, Inflammation and Autoimmunity, CVMD -
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7 October 2015
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