AstraZeneca takes option for benralizumab commercialization in Japan

16 July 2015

Anglo-Swedish pharma major AstraZeneca (LSE: AZN) has entered an agreement with Japanese biotech firm Kyowa Hakko Kirin (TYO: 4151) for an exclusive option to commercialize benralizumab for asthma and chronic obstructive pulmonary disease (COPD) in Japan.

Currently, Kyowa Hakko Kirin holds exclusive development and commercialization rights for benralizumab in Japan and certain countries in Asia, while AstraZeneca has exclusive rights in all other countries including the US and Europe.

Upfront payment of $45 million to Kyowa Hakko

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