Astrazeneca gives Valeant Pharma development rights for inflammation drug for an upfront $100 million

1 September 2015
2019_biotech_test_vial_discovery_big

Anglo-Swedish drug major AstraZeneca (LSE: AZN) on Tuesday said it has agreed to grant Valeant Pharmaceuticals (NYSE: VRX) an exclusive license to develop and market its drug candidate, brodalumab, to treat inflammation for an upfront payment of $100 million.

Under the terms of the agreement, Valeant will also pay additional pre-launch milestones of up to $170 million and further sales related milestone payments of up to $175 million following the launch. AstraZeneca and Valeant will share profits following the approval for the drug.

Regulatory submission in the USA and European Union for brodalumab to treat moderate-to-severe psoriasis is planned for the fourth quarter of 2015.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK

Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight





More Features in Biotechnology